Of the 351 metro markets measured, 300 have seen year-over-year economic gains, according to the latest National Association of Home Builders/First American Leading Markets Index (LMI). The index shows that 59 metros have fully returned to or even exceeded their last normal levels of economic and housing activity.
The nationwide economic score rose slightly to .88 from a revised April reading of .87. This means that based on current permit, price, and employment data, the
nationwide average is running at 88 percent of normal economic and housing activity. The index showed an overall reading of .82 a year ago.
Keeping its top position of major metros on the LMI was Baton Rouge, La., with a score of 1.41 – or 41 percent better than its last normal market level. Other major metros whose LMI scores indicate that their market activity now exceeds previous norms include Honolulu, Oklahoma City, Austin and Houston, Texas, as well as Los Angeles and San Jose, Calif., and Harrisburg, Pa.
Source: N.A.H.B
The nationwide economic score rose slightly to .88 from a revised April reading of .87. This means that based on current permit, price, and employment data, the
nationwide average is running at 88 percent of normal economic and housing activity. The index showed an overall reading of .82 a year ago.
Keeping its top position of major metros on the LMI was Baton Rouge, La., with a score of 1.41 – or 41 percent better than its last normal market level. Other major metros whose LMI scores indicate that their market activity now exceeds previous norms include Honolulu, Oklahoma City, Austin and Houston, Texas, as well as Los Angeles and San Jose, Calif., and Harrisburg, Pa.
Source: N.A.H.B
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