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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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New York statewide home sales remain strong in February

The New York State housing market continued to post solid numbers in February, reaching 7,328 closed sales despite a 6.2-percent decline from February 2017. The February statewide median sales price of $260,000 represented an increase of 8.8 percent from a year ago. Click here to read more.

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