Us Housing Markets ‘back To Normal’ – World Property Channel Global News Center

has returned to or exceeded pre-recessionary levels, according to the latest National Association of Home Builders/First American Leading Markets Index (LMI). The index’s nationwide score of .85 indicates that the U.S. housing market is running at 85 percent of normal activity. “This index helps illustrate how far the U.S. housing recovery has come, and also how much further it has to go as we continue to face some significant headwinds in terms of credit availability, rising costs for lots and labor, and uncertainties regarding Washington policymaking,” NAHB chairman Rick Judson said in the report. Topping the list of major metros, Baton Rouge, La, had a score of 1.41 — or 41 percent better than its last normal market level.
For the original version including any supplementary images or video, visit http://fb.me/26NHHZilK

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s