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Builder confidence holds firm in November

Nov 17, 2016
Builder confidence in the market for newly-constructed single-family homes held steady in November at a level of 63 on the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI).
 
The Northeast posted a two-point gain to 45 in November. 
 
“Ongoing job creation, rising incomes and attractive mortgage rates are supporting demand in the single-family housing sector. This will help keep housing on a steady, upward glide path in the months ahead,” said NAHB Chief Economist Robert Dietz.
 
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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.

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