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8 West Hawaii Real Estate | April 13, 2016 Markets in 117 of the approximately Housing recovery continues at modest pace Vacant Land Loans Rates 5.25% as low as: APR* No points with up to 75% financing!** $QQXDO3HUFHQWDJH5DWH:LOOORDQXSWRRIWKHDSSUDLVHGYDOXHRUVDOHVSULFHZKLFKHYHULVOHVV7KUHHDQG¿YH\HDUWHUPV DYDLODEOH$¿QDOEDOORRQSD\PHQWLVGXHDWWKHHQGRIWKHWHUP0RQWKO\SD\PHQWLVFDOFXODWHGXVLQJD\HDUDPRUWLDWLRQ$OOORDQVDUH VXEMHFWWRFUHGLWDSSURYDO5DWHVDQGWHUPVZLOOEHGHWHUPLQHGEDVHGRQLQGLYLGXDOFUHGLWZRUWKLQHVV0DLPXPORDQDPRXQWIRUSURSHUWLHV ORFDWHGLQ/DYD+DDUG=RQHVDQGXSWR0XVWEH\HDUVRIDJHWRTXDOLI\IRUDORDQ0XVWEHDPHPEHUWRSDUWLFLSDWH )HGHUDOO\LQVXUHGE\1&8$ 808-930-7700 hicommfcu.com 5HY 340 metro areas nationwide returned to or exceeded their last normal levels of economic and housing activity in the fourth quarter of 2015, according to the National Association of Home Builders/ First American Leading Markets Index. This represents a year-over-year net gain of 52 markets. The index’s nationwide score inched up to .94, meaning that based on current permit, price and employment data, the nationwide average is running at 94 percent of normal economic and housing activity. Meanwhile, 90 percent of markets have shown an improvement year-over-year. “Housing markets are strengthening gradually as the economy firms and job creation continues,” said NAHB Chairman Ed Brady, a home builder and developer from Bloomington, Ill. “While some areas are recovering at a faster rate than others, the large majority of metros are moving in the right direction.” “Among the LMI components, house prices continue to show the most extensive recovery, with 322 markets having returned to or exceeded their last normal levels. Meanwhile, 76 metros have reached or exceeded normal employment activity,” said NAHB Chief Economist David Crowe. “Single-family permits are edging forward, but remain at only 48 percent of normal activity.” “The number of markets on this quarter’s Leading Markets Index at or above 90 percent has reached 217—almost 65 percent of all markets nationwide,” said Kurt Pfotenhauer, vice chairman of First American Title Insurance Company, which co-sponsors the LMI report. “This demonstrates that the breadth of the housing recovery continues to grow.” Baton Rouge, La., continues to top the list of major metros on the LMI, with a score of 1.52 – or 52 percent better than its last normal market level. Other major metros leading the list include Austin, Texas; Honolulu; Houston; and San Jose, Calif. Rounding


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