NYSAR News

Latest News

National builder confidence hits highest level since November 2005

Jul 16, 2015
Builder confidence in the market for newly-built, single-family homes in July hit a level of 60 on the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). The last time the HMI reached this level was in November 2005. 
 
Looking at the three-month moving averages for regional HMI scores, the Northeast rose three points to 47.
 
NAHB Chairman Tom Woods said that the fact that builder confidence has returned to levels not seen since 2005 shows that the fact that builder confidence has returned to levels not seen since 2005 shows that housing continues to improve at a steady pace. 
 
To read the entire NAHB press release, click here.
Featured Content

NYS home sales reach second highest February total

Winter 2017 home sales remained strong during February with the 7,391 closings representing the second highest total for the month. The February statewide median sales price of $242,000 represents an increase of 4.3 percent from a year ago. Click here to read more.

NYSAR News