Housing Recovery Continues
According to data from the NAHB and First American Lending Market Index, just under half of the 340 metro markets nationwide are at or above their last measured normal level of economic and housing activity. The number grew by 73 markets over the last year. While this is modest growth, it’s positive to see continued growth, especially as the index’s nationwide score hit .98, which means, on average, the nation is running at 98% normal economic and housing activity. According to NAHB chairman Ed Brady, job growth, low mortgage rates and rising incomes are all key contributing factors to the growth.
You can read the full article from LBM Journal here: http://www.lbmjournal.com/housing-recovery-continues-at-modest-pace/
| November 25, 2016