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

Oct 18, 2017
Privately-owned housing starts fell 9.2 percent to 99,000 in the Northeast in September, according to data released by the U.S. Commerce Department. August’s total was 109,000.

Nationally, housing starts were at a seasonally adjusted annual rate of 1,127,000, a 4.7-percent decrease from the revised August total of 1,183,000.

Building permits for the Northeast rose in September, increasing 9.2 percent to 119,000, while nationally, building permits fell 4.5 percent to 1,215,000.

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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.

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