Buffalo Housing Stands Out in National Report

July 6, 2012 Updated Jul 6, 2012 at 7:19 AM EDT

By WKBW News

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July 6, 2012 Updated Jul 6, 2012 at 7:19 AM EDT


Age and stability. A new report says Buffalo housing stands out in those two categories. Business First researchers say the Buffalo area has the oldest housing stock in America. Business First analyzed housing data from the U.S. Census Bureau for 100 metro areas. 99 have newer housing stock than Buffalo.
Austin, Texas has the newest housing stock in the report.

When it comes to stability, researchers say Buffalo is one of the nation's most stable housing markets. Only three major metro areas outrank Buffalo with "people who have lived at the same address for more than 30 years."
Scranton-Wilkes-Barre, PA tops the list at 21 percent, followed by Pittsburgh.. then Youngstown. Buffalo is next at 16%. Las Vegas is at the other end of the list at just 2 percent.

You can read more in today's Business First.

Scrufari Construction is celebrating 100 years in business. One of the company's first projects was at Niagara University and Scrufari continues to work on projects there and across WNY at Ralph Wilson Stadium, Buffalo General Hospital and area schools. Company officials say annual revenues have averaged 40 million dollars for the past decade.

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