By Jann Swanson | Mortgage News Daiy
Sure, the stronger employment numbers of late and the well-developed home price recovery haven’t translated to any meaningful improvements in building permits, but that’s an easy fix with the NAHB’s Leading Markets Index (LMI)! The LMI factors in not only single family construction permits, but also home prices, and employment to determine how various housing markets are faring compared to historical norms.