The impact of the coronavirus epidemic (COVID-19) spread to all industries, and the real estate sector could not escape this health crisis. As a result, almost half of the French people intending to sell a property in ********** experienced delays in the process and ** percent had to postpone their sale project. For more information on the coronavirus pandemic (COVID-19), please consult our page: Statistics & Facts on the coronavirus (COVID-19).

Residential real estate transactions saw both a decline as well as an increase during the coronavirus pandemic in 2020, depending on the country. In Denmark, for example, property sales increased by over ***** percent year-on-year in the second quarter of 2020. This was in stark contrast to the United Kingdom, where provisional and non-seasonal data suggested the country saw one of its largest drops in housing transactions since 2009. Some countries, on the other hand, already witnessed a decrease in their transactions before COVID-19 hit Europe. The housing trade inFrance, for example, suffered a large decrease in the first quarter of 2020, right before quarantine measures were enforced. Data for Germany, on the other hand, suggested that its housing market was still growing before the lockdown. Whether this was still the case in 2020 remains to be seen.

The coronavirus (COVID-19) pandemic and the lockdowns during this period had an impact on the attitudes of prospective home buyers in the United Kingdom (UK) in different ways. On one hand, there was a large percentage of prospective home buyers of ** percent that said COVID-19 motivated them to buy homes between ********** and **********.
However, concerns of financial security and the home buying process being harder were also registered at high rates. ** percent of prospective home buyers were worried about their financial security, ** percent reported that lockdowns made it harder to buy homes. This shows that while the motivation and interest in buying homes was large, but the conditions of lockdown and the financial impact of the coronavirus (COVID-19) pandemic were a big barrier towards making purchases.

In a March 2020 survey, the development related to COVID-19 which had most affect home buying or selling plans in the United States was the drop in mortgage rates, which was cited by **** percent of the respondents. Fear of recession and stock market volatility followed behind at ** and ** percent, respectively. For further information about the coronavirus (COVID-19) pandemic, please visit our dedicated Facts and Figures page.

In May 2020, ** percent of U.S. realtors said that home sellers have made changes due to the COVID-19 pandemic. For instance, ** percent of realtors reported that home sellers actually stopped opening their houses. Only ***** percent of home sellers obtained home inspection before listing home for sale.

In a September 2020 survey among adults in the United States, many respondents said that the COVID-19 pandemic did not change their interest in buying a home. Millennials were most likely to have changed their homeownership plans: ** percent of Millennials were more interested in buying a home due to the COVID-19 pandemic compared with **** percent of Baby Boomers.In the United States, the 2020 homeownership rate reached **** percent.

Between November and December 2021, total retail sales in the United States had decreased by roughly two and a half percent. The coronavirus pandemic had caused major blows to U.S. retail when it first became a global emergency, i.e., during March and April 2020. As of January 2022, the United States had accounted for over 60 million COVID-19 cases since the beginning of the pandemic.

Which industries did COVID-19 affect the most? The COVID-19 crisis caused consumers to shift their spending focus towards necessities: in other words, people in the United States had been spending more on groceries and household supplies. Most other industries, including out-of-home entertainment, restaurants, apparel and footwear stores, saw a substantial decrease in consumer spending as a result of the virus outbreak.

Hoarding behavior among consumers Not only have consumers changed what they buy, there have also been times when shoppers would purchase larger quantities: during the first weeks of the pandemic, hoarding was very prominent among households in the United States. Over the later quarters, pantry filling and hoarding behavior fluctuated, but showed a mostly downward trend.

For further information about the coronavirus (COVID-19) pandemic, please visit our dedicated Facts and Figures page.

Sales of most household goods categories surged in countries dealing with the coronavirus outbreak during the week ended March 8, 2020. Compared to the previous year, sales of over-the-counter health care products increased by *** percent in Italy. For further information about the coronavirus (COVID-19) pandemic, please visit our dedicated Facts and Figures page.

In a ************** survey among adults in the United States, around ** percent were more interested in buying a home after the outbreak of the coronavirus (COVID-19) pandemic. For ** percent of respondents, however, their interest had not changed due to the arrival of the pandemic. Interestingly enough, there were less women whose interest had not changed (** percent) than that there were men (** percent).In the United States, the 2020 homeownership rate reached **** percent.

The number of U.S. home sales in the United States declined in 2024, after soaring in 2021. A total of four million transactions of existing homes, including single-family, condo, and co-ops, were completed in 2024, down from 6.12 million in 2021. According to the forecast, the housing market is forecast to head for recovery in 2025, despite transaction volumes expected to remain below the long-term average. Why have home sales declined? The housing boom during the coronavirus pandemic has demonstrated that being a homeowner is still an integral part of the American dream. Nevertheless, sentiment declined in the second half of 2022 and Americans across all generations agreed that the time was not right to buy a home. A combination of factors has led to house prices rocketing and making homeownership unaffordable for the average buyer. A survey among owners and renters found that the high home prices and unfavorable economic conditions were the two main barriers to making a home purchase. People who would like to purchase their own home need to save up a deposit, have a good credit score, and a steady and sufficient income to be approved for a mortgage. In 2022, mortgage rates experienced the most aggressive increase in history, making the total cost of homeownership substantially higher. Are U.S. home prices expected to fall? The median sales price of existing homes stood at 413,000 U.S. dollars in 2024 and was forecast to increase slightly until 2026. The development of the S&P/Case Shiller U.S. National Home Price Index shows that home prices experienced seven consecutive months of decline between June 2022 and January 2023, but this trend reversed in the following months. Despite mild fluctuations throughout the year, home prices in many metros are forecast to continue to grow, albeit at a much slower rate.

As the coronavirus outbreak is forcing many governments worldwide to impose lockdowns and citizens are advised to practice social distancing and stay home, DIY activities have seen a surge with individuals in the United Kingdom (UK). Between March 9-15, 2020, online sales of home improvement and gardening retail products grew almost by ** percent compared to the same period the year before. For further information about the coronavirus (COVID-19) pandemic, please visit our dedicated Fact and Figures page.

Compared to the previous year, household and petcare sales in the United States were estimated to grow by nearly *** percent. This rise is a post-COVID-19 forecast. Before COVID-19, U.S. household and petcare sales were projected to grow by about ***** percent. For each of the selected countries, pre-COVID-19 sales growth estimates were marginally lower.

This statistic illustrates the impact of the coronavirus (COVID-19) on the intention to buy or sell a property in France in 2020. It can be seen that more than half (54 percent) of French people who planned to buy or sell a property in 2020 had to delay the sale or purchase of a property because of the coronavirus. For more information on the coronavirus pandemic (COVID-19), please visit our page: Statistics & Facts on the coronavirus (COVID-19)

In the last week of February 2020, Colombia saw major growth in sales of specific household cleaning products. According to a study, sales of liquid cleaners or detergents grew over 30 percent during that week. Glass cleaners and dish soaps registered sales growth rates of 29 and 28 percent, respectively. These increases in sales were most likely due to the COVID-19 outbreak, caused by the novel coronavirus (SARS-CoV-2).

In a September 2020 survey among adults in the United States, over half of respondents said that their interest in buying a home had not changed due to the COVID-19 pandemic (** percent). However, Hispanic respondents were more likely to have changed their plans (** percent) compared to white respondents (** percent). In the United States, the 2020 homeownership rate reached **** percent.

During the last week of February and the first week of March of 2020, Argentina saw major sales growth in antiseptics and household insecticides in comparison to the same period of the previous year. For instance, sales of antiseptics, which include alcohol-based sanitizers, registered an increase of 310 percent between February 24 and March 1, 2020. The following week, the sales growth rate in this product category reached 367 percent. Sales of household insecticides registered an increase of 141 percent and 259 percent in those two weeks, respectively. Toilet soap reported lower sales growth rates, with 55 percent in the ninth week of the year and 82 percent in the tenth. The increased demand is associated with the outbreak of the novel coronavirus (SARS-CoV-2), which causes the COVID-19.

In the Russian capital, a significant growth in home workout equipment was recorded during the eleventh week of 2020. Namely, over the observed period, home gym product sales increased by 33 percent in Moscow and by 6.5 percent across the country.

For further information about the coronavirus (COVID-19) pandemic, please visit our dedicated Facts and Figures page.

In the third quarter of 2021, the number of houses sold in Mexico City amounted to almost *****, down from nearly ***** residential properties sold in the previous quarter. The north area of the city concentrated over half of the sales, with ***** houses traded in the last quarter. The decrease on housing sales is partly explained by the impact of the new coronavirus (COVID-19) pandemic, which force governments to establish lockdown measures in order to contain the spread of the virus.

The number of pending home sales in the U.S. declined dramatically in the fourth quarter of 2021. In March 2024, the pending home sales index stood at **** index points, just *** index points above its lowest value recorded in April 2020 when the COVID-19 pandemic struck. The slowdown in buying activity was triggered by the aggressive mortgage interest rates hikes in response to the rising inflation. As it takes around **** to eight weeks to finalize a home sale in the United States, the Pending Home Sales Index (PHSI) index is seen as a measure of consumer sentiment on buying a house and essentially provides an early outlook on what the actual sales of existing homes in the country might potentially look like.

The number of home sales in the United States peaked in 2021 at almost ************* after steadily rising since 2018. Nevertheless, the market contracted in the following year, with transaction volumes falling to ***********. Home sales remained muted in 2024, with a mild increase expected in 2025 and 2026. A major factor driving this trend is the unprecedented increase in mortgage interest rates due to high inflation. How have U.S. home prices developed over time? The average sales price of new homes has also been rising since 2011. Buyer confidence seems to have recovered after the property crash, which has increased demand for homes and also the prices sellers are demanding for homes. At the same time, the affordability of U.S. homes has decreased. Both the number of existing and newly built homes sold has declined since the housing market boom during the coronavirus pandemic. Challenges in housing supply The number of housing units in the U.S. rose steadily between 1975 and 2005 but has remained fairly stable since then. Construction increased notably in the 1990s and early 2000s, with the number of construction starts steadily rising, before plummeting amid the infamous housing market crash. Housing starts slowly started to pick up in 2011, mirroring the economic recovery. In 2022, the supply of newly built homes plummeted again, as supply chain challenges following the COVID-19 pandemic and tariffs on essential construction materials such as steel and lumber led to prices soaring.