Tag Archive for ‘LMI’

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 ›

House Prices Continue Their Ascent, Contributing to Broader Economic Recovery

According to the Federal Housing Finance Agency (FHFA), house prices rose in August, albeit at a slower month-over-month pace than in July. In August, house prices climbed by a seasonally adjusted rate of 0.3%, 0.5 percentage points slower than then 0.8% increase that took place in July. Over the past twelve months house prices have risen by 8.5%. Month-to-month growth… Read More ›

New Index Shows Housing Markets Back to Normal in 52 Metros

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… Read More ›