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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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New York State home sales set second quarter record

The New York State housing market set a record high for second quarter home sales, reaching 32,444 homes sold. The second quarter statewide median sales price of $245,000 represents an increase of 6.5 percent from the 2016 second quarter. Click here to read more.

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