The challenges in the housing market in the United States continue to affect the moving industry as sales of previously owned homes in January fell more widely-than expected.
CNBC reported that that the National Association of Realtors (NAR) described the figures as “a new housing crisis” as they released their monthly report that showed home sales dropped 8.4% from December to a seasonally adjusted, annualized rate of 3.91 million. Sales were 4.4% lower than January 2025 representing the slowest pace since December 2023 and the largest monthly drop since February 2022.
Saying that “the movement is not happening” and “Americans are stuck”, NAR Chief Economist, Lawrence Yun, said that high home prices, faltering supply and weaker consumer confidence continue to impact the market. “Affordability conditions are improving,” he said in his report, “however, supply has not kept pace and remains quite low.” In more positive news for the professional moving industry, home sales sales continue to be strongest on the higher end of the market, with homes valued from US$1 million up being the only area of growth.