U.S housing market gains 6.9T in '21

SEATTLE – U.S. housing gained a record $6.9 trillion in 2021, nearly doubling the previous largest annual gain of $3.7 trillion in 2005, according to an analysis from the real estate company Zillow. The full U.S. housing stock is now worth $43.4 trillion.

Strong demand met limited supply in 2021, driving home values up more than ever before. Home values grew 19.6% last year, an all-time high in Zillow’s data, which dates back more than 20 years.

The increase in home values means that U.S. housing is worth twice what it was a decade ago, in the middle of the Great Recession, according to the press release.