Palm Bay/Brevard County, Florida was just added to the National Association of Homebuilders/First American Improving Markets Index! This particular index spotlights housing markets throughout the country that are showing signs of improving economic health by measuring employment growth, house price growth, and single-family housing growth. By looking at this data and comparing it with other markets across the country, the NAHB/First American Improving Markets Index list is created… and now Brevard County, Florida has made this prestigious list!
A total of 80 metropolitan areas across 32 states and the District of Columbia were listed as “improving markets” on the list for August. Seventy-five of these metro areas kept their spot on the list, while 5 new areas were added, including Palm Bay/Brevard County, Florida. The index measures improvements in housing permits, employment, and house prices over at least 6 consecutive months.
According to Barry Rutenberg, chairman of the National Association of Home Builders (NAHB), “The list of improving housing markets in August includes metros across every region of the country, all of which have distinctly different characteristics in terms of their economic and employment bases as well as other factors.” Further, Kurt Pfotenhauer, vice chairman at First American Title Insurance Company notes, “With nearly one quarter of all U.S. metros currently designated as improving housing markets, there is growing recognition among consumers that now is an opportune time to consider a home purchase.”
No comments:
Post a Comment