Housing Markets Continue to Recover at Modest Pace

Filed in Economics, Home Building by on November 5, 2015 0 Comments

Markets in 79 of approximately 360 metro areas nationwide returned to or exceeded their last normal levels of economic and housing activity in the third quarter of 2015, according to the NAHB/First American Leading Markets Index (LMI) released today. This represents a year-over-year net gain of 17 markets.

The index’s nationwide score edged up to .93, meaning that based on current permit, price and employment data, the nationwide average is running at 93% of normal economic and housing activity. Meanwhile, 69% of markets have shown an improvement year-over-year.

For more details, see NAHB’s press release. For historical information and charts, visit nahb.org/lmi.

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