Housing Markets Continue to Edge Forward, Says NAHB LMI Index

Washington, DC, May 12, 2016—Markets in 119 of the approximately 340 metro areas nationwide returned to or exceeded their last normal levels of economic and housing activity in the first quarter of 2016, according to the National Association of Home Builders/First American Leading Markets Index (LMI).

This represents a year-over-year net gain of 45 markets.

The index’s nationwide score ticked up to .95, meaning that based on current permit, price and employment data, the nationwide average is running at 95% of normal economic and housing activity. Meanwhile, 86% of markets have shown an improvement year-over-year.