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U.S. Commerce Department: Northeast housing starts rise more than 80 percent in June

Jul 19, 2017
Privately-owned housing starts in June rose an impressive 83.7 percent in the Northeast to 158,000, according to data released by the U.S. Commerce Department. May’s total was 86,000.

Nationally, housing starts were at a seasonally adjusted annual rate of 1,215,000, an 8.3-percent increase from the revised May total of 1,122,000.

Building permits for the Northeast fell in June, dropping 13.9 percent to 105,000, while nationally, building permits rose 7.4 percent to 1,254,000.

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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.