Latest News

Builder confidence falls nationally, remains flat for Northeast

Oct 17, 2014
Builder confidence in the market for newly-built, single-family homes in October fell five points to a level of 54 on the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). 

Builder confidence for the Northeast remained level at 41. 

NAHB Chief Economist David Crowe said that after the HMI posted a nine-year high in September, it’s not surprising to see the number drop in October. He said that historically low mortgage interest rates, steady job gains, and significant pent up demand all point to continued growth of the housing market.

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.