According to the National Association of Home Builders/First American Leading Markets Index (LMI), of the 351 metro markets measured, 300 have seen year-over-year economic gains. The Index shows that 59 metros have fully returned to or even exceeded their last normal levels of economic and housing activity. The nationwide economic score rose slightly to 0.88 from a revised April reading of .87. This means that based on current permit, price and employment data, the nationwide average is running at 88 percent of normal economic and housing activity.Click to continue
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