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Builder confidence slightly lower in February

Feb 18, 2015
Builder confidence in the market for newly-built, single-family homes in February fell two points to a level of 55, according to the latest National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). 

In the Northeast, the index fell as single point to 46.

NAHB Chief Economist David Crowe said that solid job growth, affordable home prices and historically low mortgage rates should help unleash growing pent-up demand and keep the housing market moving forward in the year ahead.

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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