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More Metro Markets Are Bouncing Back

Posted in Industry News

More Metro Markets Are Bouncing Back

As the housing industry continues to grow, metropolitan markets across the country are expanding as well. The National Association of Home Builders recently released its April NAHB/First American Leading Market Index, which increased one point to .88 from its March position.

The index takes in to account single-family permits, home prices and employment, measuring how close both individual markets and the U.S market as a whole are to what is considered normal market activity. Roughly 300 markets qualified for the index reading, with 153 coming in at or above the national index. Also, 59 of the total markets read at or above one, meaning they met or exceeded their last period of normal market activity.

April 2012 saw the index’s lowest reading of .78. Over the past two years, the reading has grown steadily, with more metros qualifying all the time as the country’s economy continues to recover.

Read the full article from NAHB here.

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