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Friday, December 22, 2006

NYC housing stable and positioned favorably

housing permits chartmarket reportAccording to the NYC Office of Management and Budget's November 'Report on Current Economic Conditions', local housing development has remained more positive than the rest of the nation, with flat inventory growth from Q2 to Q3, and stable home prices. As the chart shows, developers continued to show confidence in the long term health of the market when compared to the national average. download the full report (208kb .pdf)