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NAHB/First American Leading Markets Index

Thursday, March 06, 2014   (0 Comments)
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The LMI compares the current levels of economic health of single-family building permits, home prices and employment to their last normal, sustainable level. A national number and a comparison of individual metropolitan market areas is calculated and scored. Your area’s score is the average of the three component’s proximity to the last period of normality. An index value above one indicates the market has advanced beyond the previous sustainable level of economic activity. An index value above the national index level indicates the market is doing better than the country as a whole, moving beyond the last period of normal economic growth.

In calculating the LMI, NAHB utilizes employment data from the Bureau of Labor Statistics, house price appreciation data from Freddie Mac and single-family housing permits from the U.S. Census Bureau. The LMI is published on the fourth working day of each month, unless that day falls on a Friday -- in which case, it is released on the following Monday. The most recent employment data was not available for the March index so for this month only, the employment data from February was re-used along with updated permit and housing price data.

For more information on the index, please visit nahb.org/lmi.


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