Where Healthy & Housing Go In the Same Sentence Together
From Builder, By Boyce Thompson: Without optimism, there very well might be no recovery in sight. Much of what grabs economic headlines, good or bad, happens “on the margin” of the bedrock of the economy. So it goes for housing markets. Most are beleaguered, but some contain the triggers for a snap-back, and Builder magazine and sister-company Hanley Wood Market Intelligence combed their databases for signs of those triggers.
Here’s what they came up with:
The Healthiest Housing Markets for 2009
Builder editor Boyce Thompson queues up the slideshow analysis with this come-on.
The healthiest markets have many things in common. Most of them are great places to live, either close to the ocean, mountains, or major universities. Most of them didn’t have a huge run-up in prices during the boom and aren’t experiencing rampant deflation during the bust.
To compile these lists, we analyzed the top 75 housing markets in the country. We ranked them based on population trends and job growth, perennial drivers of housing demand. We also examined what’s happened with home prices; many of the healthiest markets have managed to hold the line on home values. And finally, we considered the rate of building permits, which may be the single best ongoing indicator of builder confidence in a market. We combined all these metrics to produce a score for each market. Here are the top 15, in reverse order….
The report is getting record-breaking visits on http://www.builderonline.com. Check it out.
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