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Builder confidence rises in July

Jul 17, 2013
Builder confidence in the market for newly-built, single-family homes rose six points to 57 on the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) for July. This is the index’s third consecutive monthly gain and its strongest reading since January of 2006.

The HMI for the Northeast showed a four-point gain to 40.

NAHB Chief Economist David Crowe said builders are seeing more motivated buyers coming through their doors as the inventory of existing homes for sale continues to tighten.

To read the entire NAHB press release, click here.
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Home sales near record high in November

There were 10,719 closed home sales across New York State during November, representing the second-highest total on record for the month. The November sales record of 10,991 was set in November 2016. The statewide median sales price grew by 5.8 percent in November compared to last November. Click here to read more.