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Builder confidence slightly lower in February

Feb 18, 2015
Builder confidence in the market for newly-built, single-family homes in February fell two points to a level of 55, according to the latest National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). 

In the Northeast, the index fell as single point to 46.

NAHB Chief Economist David Crowe said that solid job growth, affordable home prices and historically low mortgage rates should help unleash growing pent-up demand and keep the housing market moving forward in the year ahead.

To read the entire NAHB press release, click here.
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NYS home sales post second-highest May total

Homebuyer activity remained strong in May, driving the New York State housing market to the second-highest sales total for the month with 10,348 closings. May 2018 closed sales were 8.6 percent lower than the record of 11,322 set in May 2017. The median sales price growth trend continued, increasing by 11.5 percent compared to last May, ending the month at $262,000. Click here to read more.

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