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U.S. Commerce Department: Northeast housing starts drop in May while building permits rise

Jun 17, 2015
Privately-owned housing starts in May fell 26.5 percent for the Northeast to 139,000, according to data released by the U.S. Commerce Department. April’s total was 189,000.
 
Nationally, housing starts were at a seasonally adjusted annual rate of 1,036,000, an 11.1-percent drop from the revised April total of 1,165,000. 
 
Building permits for the Northeast rose in May, increasing an impressive 77.7 percent to 311,000. Nationally, building permits rose 11.8 percent to 1,275,000.
 
To read the entire U.S. Commerce Department 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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