Housing Construction Markets Gradually Improving

Washington, DC, Feb. 6, 2015 — Markets in 63 of the approximately 350 metro areas nationwide returned to or exceeded their last normal levels of economic and housing activity in the fourth quarter of 2014, according to the National Association of Home Builders.

NAHB’s index nationwide score moved up slightly to .90, meaning that based on current permit, price and employment data, the nationwide average is running at 90 percent of normal economic and housing activity.

Meanwhile, 69% of markets have shown an improvement year-over-year.

“The markets are improving at a consistent pace,” said NAHB Chairman Tom Woods.

“A growing economy and rising consumer confidence should help drive the release of pent-up demand in 2015.”

“The encouraging news is employment, where the number of metros that reached or surpassed their norms rose by 23 in a year,” said NAHB Chief Economist David Crowe.
“However, single-family permits are only at 44% of normal activity, and remain the sluggish component of the index.”

http://www.floordaily.net/Flooring-News/Housing_Construction_Markets_Gradually_Improving.aspx

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s