NAHB Counting on Employment Strength to Eventually Help Housing

By Jann Swanson

Posted To: MND NewsWire

The National Association of Home Builders ( NAHB ) said today that nationwide metropolitan area markets are improving at a constant pace and are nearing normal economic and housing activity. The Association’s Leading Market Index (LMI) issued in conjunction with First American Title Company rose slightly to .90 in the fourth quarter of 2014. The index is based on current data on building permits , home prices , and employment in each of 350 metropolitan areas nationwide. The national figure indicates that 4 th quarter activity was at 90 percent of normal levels. Sixty-three of the markets returned to or exceeded their last normal levels of activity during the quarter, 11 more than in the fourth quarter of 2013. Sixty-nine percent of the markets have shown improvement year-over-year. “The encouraging…(read more)

Via:: NAHB Counting on Employment Strength to Eventually Help Housing