News & Opinions
The latest news and insights from Hanley Wood’s outspoken experts and key thought-leaders throughout the residential and commercial design and construction industry.
NAHB Eye on Housing Blog / December 5, 2013
The NAHB/First American Leading Markets Index rose slightly to .86 in December index from .85 in the November index. The index measures progress back to and beyond the normal level of economic and housing growth. In addition to the national index, the release also lists the value of progress toward normal for 351 metropolitan areas.
In December, 54 metros were at or above a value of one meaning those markets had returned to or were above their last normal levels of single-family housing permits, home prices and employment. For purposes of this index, the last normal period was 2000- 2003Read More
NAHB Eye on Housing Blog / October 7, 2013
Housing markets in 52 out of the approximately 350 metro areas nationwide have now returned to or exceeded their pre-recessionary levels of activity, according to the new National Association of Home Builders/First American Leading Markets Index (LMI).
The index’s nationwide score of .85 indicates that, based on permits, prices and employment data, the nationwide housing market is running at 85 percent of normal activity.
Baton Rouge, La., tops the list of major metros on the LMI, with a score of 1.41 – or 41 percent better than its last normal market level. Other major metros at the topRead More