Despite a decline in home starts in June, homebuilder confidence in the single-family, 55+ market is on the rise. In fact, the second quarter marked the 11th consecutive year-over-year increase in confidence in this sector, according to the National Association of Home Builders (NAHB).
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More Metros Find Stable Footing
The First American Leading Markets Index (LMI) , a report released Thursday by the National Association of Home Builders showed that 56 of approximately 350 metro markets nationwide have returned to or exceeded their last normal levels of economic and housing activity, as recorded before the recession. The remaining 294 metros are, on average, about 88 percent of the way to where they should be.
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