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Posts Tagged ‘leading markets index’

Metro Areas Show Modest Economic Gains

August 8th, 2014 Comments off

nahb_logoThe First American Leading Markets Index (LMI) of the National Association of Home Builders (NAHB) indicates 56 of the approximately 350 metro areas in the U. S. have exceeded or returned to normal levels of economic and housing activity, seven more than one year ago. According to the LMI, the national average, as MHProNews has learned, is 89 percent of normal activity, and 78 percent of the markets have shown year-over-year gains. Baton Rouge, LA tops the metro list with a 39 percent gain over its last normal market level. Following are Honolulu, Oklahoma City, Houston and Austin, Texas, Los Angeles and San Jose, Calif., Salt Lake City, Des Moines and New Orleans. Smaller metros exceeding the average are clustered near energy exploration sites. ##

(Image credit: National Association of Home Builders)

NAHB: Housing Numbers Showing Modest Rise

April 8th, 2014 Comments off

Statistics from the National Association of Home Builders (NAHB) indicate modest improvement this month over March, and anticipates a traditional, solid, spring home-buying season. Based on employment, permits and price data, the NAHB/First American Leading Markets Index (LMI) reports 28 percent of metro areas experienced a rise in their score this month, and 83 percent saw a rise within the last year. Baton Rouge, LA tops the list of large metro LMI areas, MHProNews.com has learned, followed by Honolulu, Oklahoma City, Austin and Houston, Texas, San Jose, CA. and Harrisburg, PA. Smaller metro areas with strong LMIs are centered around energy exploration sites such as Odessa and Midland, Texas, and western North Dakota. ##

(Image credit: etftrends.com)

Housing Market Gradually Picks up Steam

January 8th, 2014 Comments off

The National Association of Home Builders (NAHB)/First American Leading Markets Index (LMI), which recently replace NAHB’s improving market index (IMI), indicates markets in 56 of the 350 major metro markets returned to or exceeded their last normal levels of economic activity, indicating a net gain of two over the previous month. Based on current permits, prices and employment data, LMI data for December indicates the nationwide market is operating at 86 percent of normal economic and housing activity. Says NAHB Chief Economist David Crowe, “Forty-five percent of metro areas are recovering at a faster pace than the nation as a whole, with smaller markets leading the way. Of the 56 markets that are at or above normal levels, 48 of them have populations that are less than 500,000, and many of these local metros are fueled by a strong energy sector, which is producing solid job and economic growth.”

MHProNews has learned Baton Rouge, Louisiana is the top large metro area with an LMI of 1.42—42 percent above its last normal market level, followed by Honolulu, Oklahoma City, Austin and Houston, Texas, and Harrisburg and Pittsburgh, Pennsylvania. Kurt Pfotenhauer, vice chairman of First American Title Insurance Co., which co-sponsors the LMI report, adds, “More than 35 percent of all the markets on this month’s LMI are operating at a capacity of 90 percent or better of previous norms, which is a good sign that the housing recovery will continue to pick up steam in 2014.”

(Photo credit: Ryan Garza/flintjournal.com)