The National Association of Home Builders most recent List of Improving Housing Markets added an additional 22 markets to its list, bringing the total to 125. London Bay Homes is eager to point out that Naples, Florida is one of the 22 latest additions to the list.
The Improving Markets Index measures three key components over a period of six months to evaluate market strength. The measures include the growth of single-family housing permits, employment growth as reported by the Bureau of Labor Statistics, and housing price appreciating from Freddie Mac. In the November 6th press release, NAHB Chief Economist David Crowe suggests the robust and continual increase in the number of improving markets solidifies the momentum gained over the last year. To give you an idea of the momentum the national market has seen in this time, only 30 markets made the list in November of 2011 compared to the current 125.
London Bay Homes is a testament to these promising numbers, as we have recognized the increase in activity over the last year, and continue to see growing activity in the luxury home construction market throughout both Naples and all of Southwest Florida.
To view the complete November 2012 List of Improving Housing Markets, visit the First American Improving Markets Index page on the National Association of Home Builders website.
Source: NAHB, List of Improving Housing Markets Expands to 125 in November
