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Builder confidence drops two points in March

Mar 16, 2015
Builder confidence in the market for newly-built, single-family homes in March fell two points to a level of 53, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI).
 
In the Northeast, the index posted a two-point drop to 43.
 
NAHB Chief Economist David Crowe said the drop in builder confidence is largely attributable to supply chain issues, such as lot and labor shortages as well as tight underwriting standards. 
 
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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