Greater Greenville Remains at 92 Percent of Normal in Index

The National Assocaition of Home Builders released its Leading Markets Index this week, and the Greater Greenville market remains at 92 percent of normal.  LMI measures, and averages, three basic criteria: Permits, Housing Prices, and Employment.  Continuing to hold back our market is building permits, largely a function of the absence of younger home buyers.

According to the LMI for the first quarter of 2015, Greater Greenville breaks down as follows:

• Building Permits: 60 percent
• Housing Prices: 122 percent
• Employment: 95 percent
• Overall: 92 percent

The Greater Greenville area is ranked 126 overall out of 351 markets nationwide, down from 122 at the end of the fourth quarter.  The top market is Midland Texas at 232 percent of normal.  The bottom market is Flint Michigan at 63 percent of normal.

The Greater Greenville area is defined as Greenville, Pickens, Laurens, and Anderson counties.

Other South Carolina markets are as follows:

• Spartanburg, 88 percent
• Columbia, 88 percent
• Charleston, 103 percent
• Myrtle Beach, 98 percent
• Charlotte, 87 percent
• Augusta, 99 percent
• Florence, 89 percent
• Sumter, 96 percent
• Raleigh, 89 percent

To read the full report, click here.