Nationwide Market Is Running at 86 Percent of Normal
WASHINGTON — Housing markets in 54 out of the approximately 350 metro areas nationwide returned to or exceeded their last normal levels of economic and housing activity, according to the latest National Association of Home Builders/First American Leading Markets Index (LMI). The index’s nationwide score of .86 indicates that, based on current permits, prices, and employment data, the nationwide market is running at 86 percent of normal economic and housing activity.
LMI data for the last two months were released simultaneously because of the delay in collecting data during the partial government shutdown in October.