Six years later, the U.S. housing crash has grown more distant as the market continues to recover from record foreclosures and spiraling home prices. Here are five regions that experienced the most pronounced recoveries in 2013.
Markets in 56 out of the approximately 350 metro areas nationwide returned to or exceeded their last normal levels of economic and housing activity, according to the National Association of Home Builders/First American Leading Markets Index (LMI), released today. This represents a net gain of two from the previous month. The index’s nationwide score of .86 indicates that, based on current permits, prices and employment data, the nationwide average is running at 86 percent of normal economic and housing activity.
The American Architectural Manufacturers Association (AAMA) and the Window & Door Manufacturers Association (WDMA) have jointly released the December update to the AAMA/WDMA 2012/2013 U.S. Industry Statistical Review and Forecast. These reports deliver timely information on window, door and skylight market trends and product relationships. Historic data for 2006 through 2012 and forecast data for 2013 through 2015 are also included in the report. Forecasts are based on projections of construction activity as of December 2013.