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November new home sales increase 4.3 percent nationally

Dec 28, 2015
National sales of new single-family homes increased by 4.3 percent in November to an adjusted annual rate of 490,000 units, according the latest data released by the U.S. Department of Housing and Urban Development and U.S. Census Bureau. 

While National Association of Home Builders (NAHB) Chair Tom Woods said it was "encouraging to see new home sales" increase, NAHB Chief Economist David Crowe noted that the limited gains were due to weak sales of existing homes.

Sales in the Northeast fell 28.6 percent, according to the report. Click here to read more.
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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.