Tag Archive for ‘LMI’

Nation Moves Closer to Recovery

For the country as a whole, the NAHB/First American Leadings Markets Index (LMI), released today, rose to .99 in the fourth quarter of 2016, .01 point higher than its level in the third quarter of 2016, .98, and .05 point higher than its level from one year ago, .94. The LMI is now .21 point above its low of .78… Read More ›

Inching Forward

The number of US metropolitan areas that have returned to or exceeded their last normal level of housing and economic health increased to 63 (out of 351) from 60 last quarter. The NAHB/First American Leading Markets Index rose one point to .90 in the fourth quarter of 2014 from a revised .89 in the third quarter 2014. The Leading Markets… Read More ›

Progress Toward Normal

The economy and the housing market continue their gradual march back to normal as measured by the NAHB/First American Leading Markets Index (LMI). The index measures how close every metropolitan area is to their last normal level of single-family housing permits, employment and house prices. At the national level, the index rose to .90 in the third quarter from .89… Read More ›

Markets Inch Forward

The May NAHB/First American Leading Markets Index improved one point to .88 from a revised downward .87 in April. The index measures how close to normal are three economic and housing markets measures. The three components are single-family housing permits, house prices and employment levels. For the US, house prices have recovered from the rapid rise and crash to be… Read More ›

Markets Inch Forward

The May NAHB/First American Leading Markets Index improved one point to .88 from a revised downward .87 in April. The index measures how close to normal are three economic and housing markets measures. The three components are single-family housing permits, house prices and employment levels. For the US, house prices have recovered from the rapid rise and crash to be… Read More ›

Normal Market Activity Inches Forward

The Advanced March NAHB/First American Leading Markets (LMI) Index remained unchanged in March at .87 from February but the number of markets considered at or above their last normal period increased from 58 to 59 markets from February to March and from 47 to 59 year-over-year. In addition, the number of markets doing better than the national market rose from… Read More ›

Normal Market Activity Inches Forward

The Advanced March NAHB/First American Leading Markets (LMI) Index remained unchanged in March at .87 from February but the number of markets considered at or above their last normal period increased from 58 to 59 markets from February to March and from 47 to 59 year-over-year. In addition, the number of markets doing better than the national market rose from… Read More ›

Markets Moving Forward Slowly

The number of markets reaching and exceeding their last normal level of economic and housing activity continues to advance slowly.  The January NAHB/First American Leading Markets Index contains 56 markets whose index is at or above one, which means the last 12 months average of single-family housing permits, home prices and employment levels are at or above their last period… Read More ›

Leading Market Index Up

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… Read More ›