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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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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.