The National Assocaition of Home Builders released its Leading Markets Index this week, and the Greater Greenville market is now at 92 percent of normal. LMI measures, and averages, three basic criteria: Permits, Housing Prices, and Employment.
According to the LMI for the fourth quarter of 2014, Greater Greenville breaks down as follows:
- Building Permits: 60 percent (the highest since 2008)
- Housing Prices: 121 percent
- Employment: 95 percent
- Overall: 92 percent
The Greater Greenville area is ranked 115 overall out of 351 markets nationwide. The top market is Midland Texas at 239 percent of normal. The bottom market is Flint Michigan at 61 percent of normal.
The Greater Greenville area is defined as Greenville, Pickens, and Laurens counties.
Other South Carolina markets are as follows:
- Spartanburg, 88 percent
- Columbia, 88 percent
- Charleston, 102 percent
- Myrtle Beach, 100 percent
- Charlotte, 85 percent
- Augusta, 98 percent
- Florence, 90 percent
- Sumter, 99 percent
To read the full report, click here.