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Builder confidence dips in February

Feb 16, 2016
Builder confidence in the market for newly-built single-family homes fell three points to 58 in February from an upwardly revised January reading of 61, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI).
 
The Northeast posted a two-point decline to 47 in February.
 
NAHB Chairman Ed Brady said that though the dip in confidence this month is partly attributable to the high cost and lack of availability of lots and labor, they are still positive about the housing market. 
 
To read the entire NAHB press release, click here.
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Home sales near record high in November

There were 10,719 closed home sales across New York State during November, representing the second-highest total on record for the month. The November sales record of 10,991 was set in November 2016. The statewide median sales price grew by 5.8 percent in November compared to last November. Click here to read more.

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