Housing Market Index Shows Continued Growth.
Empire State Manufacturing Survey (May 2016)
– General Business Conditions Index -9.02. Previous was +9.56.
April’s gain was lost.
Housing Market Index
– Housing Market Index 58. Previous was 58.
Buyer traffic and participation by first-time homebuyers remains weak reflecting weak economic growth and tougher mortgage qualifying mandates.
This is a survey index produced by The National Association of Home Builders.