Eye On Housing
According to the NAHB/First American Leading Markets Index (LMI), 82%, 277 metropolitan statistical areas, recorded growth in their LMI Score over the fourth quarter of 2017 compared to a year ago. The index uses single-family housing permits, employment, and home prices to measure proximity to a normal economic and housing market. The index is calculated for 337 local markets, metropolitan statistical areas… Read More ›
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 ›
For the country as a whole, the NAHB/First American Leading Markets Index (LMI), released today, rose to .98 in the third quarter of 2016, .01 point higher than its level in the second quarter of 2016, .97, and .05 point higher than its level from one year ago, .93. The LMI is now .20 point above its low of .78 reached… Read More ›
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 ›
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 ›
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 ›
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 ›
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 ›
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 ›
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 ›