The National Association of Home
Builders/First American Title Leading Market Index (LMI) had a year-over-year net
gain of seven metropolitan areas in the third quarter of 2014. The Index
counted 59 improving markets out of a total of 350 metropolitan areas
nationwide, compared to 52 one year earlier.
The index is based on current rates
of housing permits issued, home prices, and employment data compared to the
last levels of economic and housing activity considered to represent a normal
market. Markets considered leading either
exceeded or continued to exceed those norms.