Nationwide, 56 of 350 metro markets returned to or exceeded their last normal levels of economic and housing activity in June, according to the National Association of Home Builders’ First American Leading Markets Index. Year over year, this represents a net gain of nine metros.
“Markets are gradually returning to normal levels of housing and economic activity,” said NAHB Chairman Kevin Kelly. “When we see more sustainable levels of job growth, this will unleash pent-up demand and bring more buyers into the marketplace.”
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