Home Building Outlook: Most Local Markets to Improve in 2012

Although new-home building isn’t likely to go gangbusters in the next 12 months, the worst seems to be over, according to the Home Building Outlook, a new quarterly report from Hanley Wood Market Intelligence (HWMI)—a division of Builder’s parent company Hanley Wood, LLC—to be announced this week at the International Builders' Show in Orlando, Fla. While the forecast includes analysis of what macroeconomic data indicate for the national housing market going forward, its emphasis is on local market data. Reports will include analysis of 940 housing markets across the country, as well as a ranking of the 100 largest real estate markets based on how well they are expected to perform for new-home sales and residential construction activity. Rankings are based on year-over-year growth in HWMI’s new-home sales forecasts and it’s Market Health Index, which is calculated using total home sales relative to a given market’s average from the past 11 years. The higher the home sales ratio, the stronger home sales were.

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