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Remodeling market indicator remains in positive territory

Jul 21, 2017
The National Association of Home Builders’ (NAHB) Remodeling Market Index (RMI) posted a reading of 55 in the second quarter of 2017, down three points from the first quarter. For 17 consecutive quarters, the RMI has been at or above 50, which indicates that more remodelers report market activity is higher than report it is lower. 

“While remodelers continue to see robust demand across the country, the lack of skilled labor continues to be a serious issue,” said NAHB Remodelers Chairman Dan Bawden. “Remodelers are finding they have to decline projects because they can’t hire enough skilled staff to keep up with the demand.”

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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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