Home sales in 2020 were the best since 2006 and more business news

Home sales tile

2020 home sales best since 2006

Sales of existing homes rose 0.7% in December, pushing the entirety of 2020 to a pace not seen in 14 years and providing one of the few bright spots for a U.S. economy mired in a global pandemic.

Rising sales in the final month of the year lifted activity to a seasonally adjusted annual rate of 6.76 million units in December, the National Association of Realtors reported Friday.

For all of 2020, sales rose to 6.48 million, the highest level since 2006 at the height of the housing boom. That represented a 5.6% gain from the 5.34 million previously owned homes sold in 2019.

The median sales price was $309,800 in December, up 12.9% from a year ago.

China manufacturer to hire 205 workers in Georgia

A manufacturer of plumbing fixtures and outdoor furniture will open a factory and warehouse northeast of Atlanta, investing $45 million and hiring 205 people.