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Survey: Average time to build a home more than seven months

Sep 07, 2017
According to the Census Bureau’s 2016 Survey of Construction, the average time to complete a single-family home is about 7.5 months. That includes nearly a month of permitting before any construction takes place, and then another 6.5 months to finish the actual construction. 

The New England region had the longest time to build, at a 10.5-month average.

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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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