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Builder confidence falls nationally, remains flat for Northeast

Oct 17, 2014
Builder confidence in the market for newly-built, single-family homes in October fell five points to a level of 54 on the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). 

Builder confidence for the Northeast remained level at 41. 

NAHB Chief Economist David Crowe said that after the HMI posted a nine-year high in September, it’s not surprising to see the number drop in October. He said that historically low mortgage interest rates, steady job gains, and significant pent up demand all point to continued growth of the housing market.

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.

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