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U.S. Commerce Department: Northeast housing starts rise more than 40 percent in October

Nov 20, 2017
Privately-owned housing starts rose 42.2 percent to 145,000 in the Northeast in October, according to data released by the U.S. Commerce Department. September’s total was 102,000.

Nationally, housing starts were at a seasonally adjusted annual rate of 1,290,000, a 13.7-percent increase from the revised September total of 1,135,000.

Building permits for the Northeast also rose in October, increasing 4.1 percent to 126,000, while nationally, building permits rose 5.9 percent to 1,297,000.

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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.