Furman Center Releases New York City Quarterly Housing Report

August 18, 2011: In an analysis of second quarter housing indicators, the Furman Center finds that home sales volume declined 20 percent from the first to the second quarter of 2011, although home prices citywide held steady. The report also finds that new construction is slowly starting to return. The Quarterly Housing Update  is unique among New York City housing reports because it incorporates sales data, new construction indicators, and foreclosures. It also presents a repeat sales index for each borough to capture price appreciation while controlling for housing quality. View the press release.