The National Association Of Home Builders' Leading Markets Index compares current price, building permit, and employment levels to their previous norms in 337 markets across the country.
The index is an effort to measure how quickly individual markets have recovered following the housing crash and financial crisis. According to the most recent release, 196 metro areas have returned to or exceeded their last normal levels of economic and housing activity as of the second quarter of this year. In other words, housing markets across the country continue to make gains, despite current challenges. Granger MacDonald, NAHB's chairman, says the report shows that the recovery has been widespread. “This report shows that the housing and economic recovery is widespread across the nation and that housing has made significant gains since the Great Recession,” Granger said. “However, the lagging single-family permit indicator shows that housing still has a ways to go to get back to full strength.”
Among the three main index components, building permits are still falling behind previous norms, while price and employment levels have largely rebounded.
Author:Tim Stoll Phone: 214-868-2959 Dated: August 9th 2017 Views: 228 About Tim: It’s hard to find another real estate agent in Dallas who is as hard working, honest, educated, ex...
Erick Murphy grew up in the heart of Dallas and has called it home for most of his life. After serving six years in the US Air Force, he began his career in business to business sales, honing his negotiation skills on multi-million dollar deals in the healthcare industry. In 2009, Erick decided to bring these skills into Real Estate.
Erick provides a level of customer service that is second to none, ensuring that he knows what his clients want and need, and then working tirelessly to make it happen. When it comes time to negotiate, his approach is notorious for earning top dollar for listings, and the lowest, fair price for his buyers.
Erick is also lead singer for the band Acoustic Kleptos, so you can find him often playing a guitar and belting out classic tunes at his neighborhood winery. If you enjoy golf, there’s a good chance you can talk him into a round or two, and an even better chance you’ll beat him.
Erick aims to be your REALTOR for life, and will go the extra mile to make your experience enjoyable and stress free. He, Along with JP and Associates, are sure to help you achieve your real estate goals.