Improving Market Index Grows to 30 Metro Areas in November
Improving Market Index Grows to 30 Metro Areas in November
Improving Market Index Grows to 30 Metro Areas in November
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November 8, 2011 (Jeff Alan)

The list of improving metropolitan areas expanded again this month, increasing by seven additional metro areas to 30, according to the NAHB/First American Improving Market Index (IMI).

Utilizing data from almost 360 metropolitan statistical areas (MSAs), the index measures three independently collected or calculated indicators of improving economic health.

The three indicators are employment growth from the Bureau of Labor Statistics, house price growth from Freddie Mac and single family housing growth from the Census Bureau. Each MSA must see improvement in all three indicators for at least a six month period after their respective trough before being categorized as improving.

For this month, the 30 MSAs that met the criteria include:

• Alexandria, LA
• Amarillo, TX
• Anchorage, AK
• Bismarck, ND
• Casper, WY
• Cheyenne, WY
• Corpus Christi, TX
• Davenport, IA
• Fairbanks, AK
• Fayetteville, NC
• Fort Collins, CO
• Hinesville, GA
• Houma, LA
• Jonesboro, AR
• Kankakee, IL
• Lima, OH
• McAllen, TX
• Midland, TX
• Monroe, LA
• New Orleans, LA
• Odessa, TX
• Pine Bluff, AR
• Pittsburgh, PA
• Sherman, TX
• Sumter, SC
• Tyler, TX
• Waco, TX
• Waterloo, IA
• Williamsport, PA
• Winston-Salem, NC

There were nine new MSAs added to the list this month while two were dropped. The nine new metro areas are Cheyenne, WY; Corpus Christi, TX; Davenport, IA; Fort Collins, CO; Hinesville, GA; Lima, OH; Monroe, LA; Tyler, TX; and Williamsport, PA.

The two MSAs that were dropped were Iowa City, IA, which posted a decline in their employment data, and Wichita Falls, KS, which experienced a decline in building permits.

“The November IMI remains heavily weighted by smaller cities, with Pittsburgh and New Orleans as the only major metros represented,” said NAHB Chief Economist David Crowe. “This is indicative of the tough conditions that continue to prevail across much of the country, particularly in larger markets that have been hit hardest by job losses and foreclosures during the recession and that will take more time to heal. However, momentum is building in pockets of the country where energy and agriculture are the dominant industries and where consistent, measurable improvements in economic conditions are now becoming apparent.”

Texas continues to have the most metro areas on the list, increasing from seven last month to eight this month. Metro areas from Colorado, Georgia and Ohio all made the list for the first time.

Tags: NAHB, First American, Improving Market Index, employment growth, house price growth, single family housing growth

Source:
NAHB

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November 8, 2011 (Jeff Alan)

The list of improving metropolitan areas expanded again this month, increasing by seven additional metro areas to 30, according to the NAHB/First American Improving Market Index (IMI).

Utilizing data from almost 360 metropolitan statistical areas (MSAs), the index measures three independently collected or calculated indicators of improving economic health.

The three indicators are employment growth from the Bureau of Labor Statistics, house price growth from Freddie Mac and single family housing growth from the Census Bureau. Each MSA must see improvement in all three indicators for at least a six month period after their respective trough before being categorized as improving.

For this month, the 30 MSAs that met the criteria include:

• Alexandria, LA
• Amarillo, TX
• Anchorage, AK
• Bismarck, ND
• Casper, WY
• Cheyenne, WY
• Corpus Christi, TX
• Davenport, IA
• Fairbanks, AK
• Fayetteville, NC
• Fort Collins, CO
• Hinesville, GA
• Houma, LA
• Jonesboro, AR
• Kankakee, IL
• Lima, OH
• McAllen, TX
• Midland, TX
• Monroe, LA
• New Orleans, LA
• Odessa, TX
• Pine Bluff, AR
• Pittsburgh, PA
• Sherman, TX
• Sumter, SC
• Tyler, TX
• Waco, TX
• Waterloo, IA
• Williamsport, PA
• Winston-Salem, NC

There were nine new MSAs added to the list this month while two were dropped. The nine new metro areas are Cheyenne, WY; Corpus Christi, TX; Davenport, IA; Fort Collins, CO; Hinesville, GA; Lima, OH; Monroe, LA; Tyler, TX; and Williamsport, PA.

The two MSAs that were dropped were Iowa City, IA, which posted a decline in their employment data, and Wichita Falls, KS, which experienced a decline in building permits.

“The November IMI remains heavily weighted by smaller cities, with Pittsburgh and New Orleans as the only major metros represented,” said NAHB Chief Economist David Crowe. “This is indicative of the tough conditions that continue to prevail across much of the country, particularly in larger markets that have been hit hardest by job losses and foreclosures during the recession and that will take more time to heal. However, momentum is building in pockets of the country where energy and agriculture are the dominant industries and where consistent, measurable improvements in economic conditions are now becoming apparent.”

Texas continues to have the most metro areas on the list, increasing from seven last month to eight this month. Metro areas from Colorado, Georgia and Ohio all made the list for the first time.

Tags: NAHB, First American, Improving Market Index, employment growth, house price growth, single family housing growth

Source:
NAHB

FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
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November 8, 2011 (Jeff Alan)

The list of improving metropolitan areas expanded again this month, increasing by seven additional metro areas to 30, according to the NAHB/First American Improving Market Index (IMI).

Utilizing data from almost 360 metropolitan statistical areas (MSAs), the index measures three independently collected or calculated indicators of improving economic health.

The three indicators are employment growth from the Bureau of Labor Statistics, house price growth from Freddie Mac and single family housing growth from the Census Bureau. Each MSA must see improvement in all three indicators for at least a six month period after their respective trough before being categorized as improving.

For this month, the 30 MSAs that met the criteria include:

• Alexandria, LA
• Amarillo, TX
• Anchorage, AK
• Bismarck, ND
• Casper, WY
• Cheyenne, WY
• Corpus Christi, TX
• Davenport, IA
• Fairbanks, AK
• Fayetteville, NC
• Fort Collins, CO
• Hinesville, GA
• Houma, LA
• Jonesboro, AR
• Kankakee, IL
• Lima, OH
• McAllen, TX
• Midland, TX
• Monroe, LA
• New Orleans, LA
• Odessa, TX
• Pine Bluff, AR
• Pittsburgh, PA
• Sherman, TX
• Sumter, SC
• Tyler, TX
• Waco, TX
• Waterloo, IA
• Williamsport, PA
• Winston-Salem, NC

There were nine new MSAs added to the list this month while two were dropped. The nine new metro areas are Cheyenne, WY; Corpus Christi, TX; Davenport, IA; Fort Collins, CO; Hinesville, GA; Lima, OH; Monroe, LA; Tyler, TX; and Williamsport, PA.

The two MSAs that were dropped were Iowa City, IA, which posted a decline in their employment data, and Wichita Falls, KS, which experienced a decline in building permits.

“The November IMI remains heavily weighted by smaller cities, with Pittsburgh and New Orleans as the only major metros represented,” said NAHB Chief Economist David Crowe. “This is indicative of the tough conditions that continue to prevail across much of the country, particularly in larger markets that have been hit hardest by job losses and foreclosures during the recession and that will take more time to heal. However, momentum is building in pockets of the country where energy and agriculture are the dominant industries and where consistent, measurable improvements in economic conditions are now becoming apparent.”

Texas continues to have the most metro areas on the list, increasing from seven last month to eight this month. Metro areas from Colorado, Georgia and Ohio all made the list for the first time.

Tags: NAHB, First American, Improving Market Index, employment growth, house price growth, single family housing growth

Source:
NAHB

HOW LOANRATENETWORK
LOAN CENTER WORKS
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateNetwork and the offers you have received, you've found the right product and the best rate.
ADVANTAGES OF USING
LOANRATENETWORK
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT
CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.