Menu

NYSAR News

Latest News

Builder confidence rises in July

Jul 17, 2013
Builder confidence in the market for newly-built, single-family homes rose six points to 57 on the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) for July. This is the index’s third consecutive monthly gain and its strongest reading since January of 2006.

The HMI for the Northeast showed a four-point gain to 40.

NAHB Chief Economist David Crowe said builders are seeing more motivated buyers coming through their doors as the inventory of existing homes for sale continues to tighten.

To read the entire NAHB press release, click here.
Featured Content

Empire State home sales stay at elevated level during April

Against the backdrop of fewer homes on the market, homebuyers in New York State closed 8,640 sales during April, falling only 2.6 percent from April 2017. The median sales price growth trend continued, increasing by nearly 12 percent compared to last April to reach $260,000 for the month. Click here to read more.

NYSAR News