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June 17, 2013

Higher Prices Make Home Builders More Optimistic

June 17, 2013

Higher Prices Make Home Builders More Optimistic

Housing Market Index  (June 2013)

– Housing Market Index was 52 up from 44.  Over 50 is optimistic.  Home builders are encouraged by the increases in prices.  It make more sense to start building if prices are rising.

This is a survey index from the National Association of Home Builders.

Empire State Manufacturing Survey  (June 2013)

– General Business Conditions Index 7.84. Previous was -1.43.

Manufacturing in N.Y. makes up 5.8% of the state’s contribution to GDP.  New York has fewer manufacturing jobs than North Carolina.