Augusta Economy

More News | Fort Gordon | Plant Vogtle | Savannah River Site | Editor

Augusta makes list of 'improved' housing markets

  • Follow Local Business

The National Association of Home Builders now considers Augusta to be an improving housing market, according to a report released Monday.

There are 291 metro areas that qualify for the National Association of Home Builders/First American Improving Markets Index, which is an increase of 44 housing markets from the August report.

The two-year-old index is designed to track housing markets throughout the country that are showing signs of improving economic health. The index identifies metropolitan areas that have shown improvement from their respective low points in housing permits, employment and house prices for at least six consecutive months.

Augusta had 1.5 percent growth in home permits from the trough of December 2008, 6.9 percent growth in home prices from low point in February 2012 and 3.8 percent in employment growth since the trough in August 2009.

The organization’s chief economist David Crowe said the increase in markets qualifying for the index in September was partly due to a recent improvement in the way that Freddie Mac measures home prices, which resulted in stronger gains than previously reported.

“While there is still plenty of room for growth, this is an excellent indication of how the housing recovery has begun to take hold across more geographic areas,” said NAHB Chairman Rick Judson, a home builder from Charlotte, N.C.

Comments (3) Add comment
ADVISORY: Users are solely responsible for opinions they post here and for following agreed-upon rules of civility. Posts and comments do not reflect the views of this site. Posts and comments are automatically checked for inappropriate language, but readers might find some comments offensive or inaccurate. If you believe a comment violates our rules, click the "Flag as offensive" link below the comment.
countyman
20581
Points
countyman 09/10/13 - 11:28 am
1
2
Positive

Why is the positive news always stuck at the bottom of the page, and never shared on Facebook?

Sean Moores
715
Points
Sean Moores 09/10/13 - 11:42 am
1
0
@ countyman

I do my best to share positive news on Facebook. We have a limited number of posts we can make in a day, and I try to focus on posts that will spur discussion.

Pops
10377
Points
Pops 09/10/13 - 08:04 pm
2
0
i believe

the operative word is "metro"Augusta. This probably includes areas such as North Augusta and Grovetown.......

Back to Top

Search Augusta jobs