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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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New York State home sales fall short of record 3Q high

There were 38,445 homes sold across New York State during the 2017 third quarter, a 3.1-percent decline from the 2016 third quarter’s record total. The 2017 third quarter sales total is the second best on record for the period. The median sales price growth trend continued in the third quarter, posting a 5-percent increase to $261,500. Click here to read more.

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