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Survey: Average time to build a home more than seven months

Sep 07, 2017
According to the Census Bureau’s 2016 Survey of Construction, the average time to complete a single-family home is about 7.5 months. That includes nearly a month of permitting before any construction takes place, and then another 6.5 months to finish the actual construction. 

The New England region had the longest time to build, at a 10.5-month average.

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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.