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Builder confidence remains solid in October

Oct 20, 2016
Builder confidence in the market for newly-constructed single-family homes remained on firm ground in October, down two points to a level of 63 on the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). 
 
“Even with this month’s drop, builder confidence stands at its second-highest level in 2016, a sign that the housing recovery continues to make solid progress,” said NAHB Chairman Ed Brady.
 
The Northeast posted a one-point gain in October to 43. 
 
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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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