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New House Plan Trends Surface as Housing Markets Return to Normal
According to the new National Association of Home Builders/First American Leading Markets Index (LMI),on October 7, 2013 the group stated that the housing markets in 52 out of approximately 350 metro areas nationwide have now returned to or exceeded their pre-recessionary levels of activity. What this means is that finally the nationwide housing market is running at 85 percent of normal activity. The index’s score of .85 is based on current permits, prices and employment data nationwide. (Source for historical information and charts, please go to nahb.org/lmi.) With this news comes those cities who are topping  the LMI list -- Baton Rouge, LA., scored 1.41 (41 percent) better than its last normal market level. Other major metr Read more
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Published On : 10-08-2013
Author :Brian Toolan
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Published On : 06-30-2015
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