5 ms·
Of the 80 million single family homes in the US, how many are sold each year? For your math to work (80,000 as 1%) it would have to be 8,000,000 or 10% of the o
by ameister14 5y ago
Of the 80 million single family homes in the US, how many are sold each year? For your math to work (80,000 as 1%) it would have to be 8,000,000 or 10% of the overall supply.
I can actually answer for you - roughly 820,000 single family homes were sold in 2020.
So if BlackRock bought 80,000 homes then, that'd be about 10%.
- mikeyouse 5y agoYou're conflating some figures -- 820k new homes were sold[1] -- along with roughly 5.6 million existing homes[2]. [1] - https://www.housingwire.com/articles/new-home-sales-historically-high-in-2020/ https://www.housingwire.com/articles/new-home-sales-historic... [2] - https://cdn.nar.realtor/sites/default/files/documents/ehs-01-2022-breakouts-of-single-family-condo-and-co-op-2022-02-18.pdf https://cdn.nar.realtor/sites/default/files/documents/ehs-01...
- ameister14 5y agoah, you're right, it was 5 million existing single family, I was pulling from the census and misread. My mistake.