More Markets Returning to Normal in Housing

Washington, DC, Aug. 7, 2014 -- Markets in 56 of the approximately 350 metro areas nationwide returned to or exceeded their last normal levels of economic and housing activity in the second quarter, according to the National Association of Home Builders/First American Leading Markets Index.

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

The index’s nationwide score moved up slightly to .89, meaning that based on current permit, price and employment data, the nationwide average is running at 89% of normal economic and housing activity. Meanwhile, 78% of markets have shown an improvement year-over-year.

“Things are gradually improving,” said NAHB Chairman Kevin Kelly.

“As the job market grows, we expect to see a steady release of pent up demand of home buyers.”

“With the national tally only reaching 43% of normal, single-family housing permits continue to be the lagging component of the index,” said NAHB Chief Economist David Crowe.

“The big bright spot is employment, where the number of metro areas having reached or exceeded their norms grew from 26 to 46 in a year.”



Other Archived Articles

Heavy Snow Dampens Builder Confidence   Full Article
Washington, DC, Feb. 17, 2015 -- Homebuilder confidence fell slightly in February due largely to heavy snow in much of the country, according to the National Association of Home Builders.

New York Manufacturing Expansion Slows   Full Article
New York, NY, Feb. 17, 2015 -- The New York Federal Reserve’s manufacturing index showed that conditions improved at slower rate in February.

NWFA Offers Discounts Through CCA Global Division   Full Article
St. Louis, MO, Feb. 17, 2015 -- The National Wood Flooring Association has announced its new Business Marketplace program, in partnership with BizUnite, to provide members discounts in many business operations.

Surfaces Exhibitors Donate Flooring from Show   Full Article
Las Vegas, NV, Feb. 17, 2015 -- Exhibitors at Surfaces last month committed to donating 140,765 pounds of used flooring to the Mountain Re-Source Center.

Floors and More Wins Chamber Award   Full Article
Benton, AR, Feb. 16, 2015 -- Floors and More recently won a 2014 Small Business Award from the Bryant chamber of commerce.

Patent Board Rules for Tandus in Dispute with Interface   Full Article
New York, NY, Feb. 16, 2015 -- The Patent Trial and Appeal Board has ruled in favor of Tandus Flooring in a dispute with Interface regarding a patent on an installation system, according to Law 360.

IICRC Moves Headquarters to Las Vegas   Full Article
Las Vegas, NV, Feb. 16, 2015 -- The Institute of Inspection, Cleaning and Restoration Certification said it is moving its headquarters to its Global Resource Center in Las Vegas.

Kährs Acquires Minority Stake in Pozgaj Flooring   Full Article
Stockholm, Sweden, Feb. 16, 2015 -- Wood and resilient maker Kährs Group said it has acquired a minority stake in recently formed Croatian Pozgaj Flooring.

Consumer Sentiment Falls from January Peak   Full Article
Ann Arbor, MI, Feb. 13, 2015 -- Consumer sentiment declined in February after reaching an 11-year high in January, according to the Thomson Reuters/University of Michigan index.

Mohawk Group Sponsors HPD Collaborative   Full Article
Calhoun, GA, Feb. 13, 2015 -- Mohawk Group said it has become part of a growing list of “Visionary” sponsors of the Health Product Declaration Collaborative.

Earthwerks Signs Distributor Longust   Full Article
Houston, TX, Feb. 13, 2015 -- EarthWerks said it has signed a distribution agreement with Longust Distributing, Inc. to cover the southwestern U.S.

NAHB Analyzes Data on Boomerang Millennials   Full Article
Washington, DC, Feb. 13, 2015 -- A recent study of “Boomerang Millennials” may have important implications for this key demographic and what it means for the housing market, according to the National Association of Home Builders.

Metroflor Names Langstaff Design Director   Full Article
Norwalk, CT, Feb. 13, 2015 – Metroflor Corp. said that Robert Langstaff has been named the company's first director of design.

More Designers, Architects Attend Surfaces   Full Article
Dallas, TX, Feb. 12, 2015 -- Informa Exhibitions U.S. said that attendance at this year's International Surface Event was comparable to the 2014 show.

Retail Sales Decline in January   Full Article
Washington, DC, Feb. 12, 2015 -- Retail sales fell 0.8% last month, according to the Commerce Department.

Jobless Claims Edge Up Last Week   Full Article
Washington, DC, Feb. 12, 2015 -- Initial applications for unemployment benefits last week rose 25,000 to a seasonally adjusted 304,000, the Labor Department said.

Milton Warman, Coloramic Tile Founder, Dies   Full Article
Chicago, IL, Feb. 12, 2015 -- Milton Warman, 92, founder of Coloramic Tile and Carpet Fair, died Feb. 7.

House Price Growth Steady in Most Markets   Full Article
Washington, DC, Feb. 12, 2015 -- The majority of metropolitan areas experienced steady but slightly stronger price growth in the fourth quarter, according to the latest quarterly report by the National Association of Realtors.

Stonewood Floors Names Martin Senior Vice President   Full Article
Everett, WA, Feb. 11, 2015 -- Daniel Martin been named senior vice president for Stonewood Floors.

Mortgage Application Volume Declines Last Week   Full Article
Washington, DC, Feb. 11, 2015 -- Mortgage applications last week decreased 9% from one week earlier, according to the Mortgage Bankers Association.