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Builder confidence hits yearly high in June nationally, rises three points in Northeast

Jun 15, 2015
Builder confidence in the market for newly-built, single-family homes in June rose five points to a level of 59, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). This is the highest reading since September 2014. 
Looking at the three-month moving averages for regional HMI scores, the Northeast rose three points to 44. 
NAHB Chairman Tom Woods said that builders are reporting more serious and committed buyers at their sites and this is reflected in recent government data showing that new-home sales and single-family construction are gaining momentum. 
To read the entire NAHB press release, click here.
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Empire State housing market stays hot in January

New York State home sales remained strong to start the new year with 8,698 closed sales, falling just shy of the 2017 record for January, according to the annual housing market report released by the New York State Association of REALTORS. The January statewide median sales price of $266,000 represented an increase of 8.4 percent from a year ago. Click here to read more.