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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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August sales fall just short of 2016 record

August home sales were strong across the Empire State, setting the second-highest total on record for the month at 14,174 units. The statewide median sales price growth trend continued in August, posting a 6.9-percent increase compared to August 2016. Click here to read more.

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