Housing Markets Continue to Show Gradual Improvement

The National Association of Home Builders (NAHB) is reporting that 56 out of America’s 350 metro areas have equaled or exceeded their pre-recession economic levels. The data is taken from an NAHB index meant to gauge economic levels in various metro areas across the U.S.

The index reported a nationwide score of a .86, which shows that the economy is running at about 86% of its normal economic and housing levels. Kurt Pfotenhauer, vice chairman of First American Title Insurance Co., which co-sponsors the NAHB index had this to say, “More than 35 percent of all the markets on this month’s LMI are operating at a capacity of 90 percent or better of previous norms, which is a good sign that the housing recovery will continue to pick up steam in 2014,”

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