out the top 10 are Oklahoma City; Los Angeles; Nashville, Tenn.; Salt Lake City and Charleston, S.C. Looking at smaller metros, both Midland and Odessa, Texas, have LMI scores of 2.0 or better, meaning that their markets are now at double their strength prior to the recession. Also at the top of the list of smaller metros are Wheeling, W.Va.; Manhattan, Kan.; and Walla Walla, Wash.; respectively. The LMI identifies those areas that are now approaching and exceeding their previous normal levels of economic KALOKO FURNITURE Interior Design by She Designs Hawaii Monday - Saturday 9:30 am - 5:30 pm Free Islandwide Delivery ,BVIPMB4USFFUBU)BMF,VAJ1MBBt West Hawaii Real Estate | April 13, 2016 9 “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.” and housing activity. Approximately 340 metro areas are scored by taking their average permit, price and employment levels for the past 12 months and dividing each by their annual average over the last period of normal growth. For single-family permits and home prices, 2000-2003 is used as the last normal period, and for employment, 2007 is the base comparison. The three components are then averaged to provide an overall score for each market; a national score is calculated based on national measures of the three metrics. An index value above one indicates that a market has advanced beyond its previous normal level of economic activity.
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