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Builder confidence holds firm in November

Nov 17, 2016
Builder confidence in the market for newly-constructed single-family homes held steady in November at a level of 63 on the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI).
 
The Northeast posted a two-point gain to 45 in November. 
 
“Ongoing job creation, rising incomes and attractive mortgage rates are supporting demand in the single-family housing sector. This will help keep housing on a steady, upward glide path in the months ahead,” said NAHB Chief Economist Robert Dietz.
 
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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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