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U.S. Commerce Department: Northeast housing starts fall, building permits rise in July

Aug 18, 2017
Privately-owned housing starts in July fell 15.7 percent to 129,000 in the Northeast, according to data released by the U.S. Commerce Department. June’s total was 153,000.

Nationally, housing stars were at a seasonally adjusted annual rate of 1,155,000, a 4.8-percent decrease from the revised June total of 1,213,000.

Building permits for the Northeast rose in July, increasing 19.2 percent to 124,000, while nationally, building permits fell 4.1 percent to 1,223,000.

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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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