top 20 healthiest housing markets – 2011

Which housing markets are the best bets to recover first?  The Annual Builder Healthy Markets Index for 2011 was recently released by BuilderOnline.  The index uses economic metrics such as home prices, employment, household formation, and incomes to assess if a market should be considered healthy. 

2011: much stronger than 2010.

A Market Health Indicator (“MHI“) of 50 is considered the barometer for a truly healthy market. Last year the top 20 markets ranged from 30 to 57.5 MHIa rather dismal picture for real estate. For 2011… 62.8 to 86.9 MHI! 

Here’s the quick run-down of this year’s Top 20. Note: each market links to the BuilderOnline data & analysis.

#1 Raleigh-Cary, NC  (2010’s #2) 

MHI: 86.9  (Building Permit Forecast: 9,604 / Annual % Change: 90%) 

#2 Austin-Round Rock, TX (2010’s #1)

MHI: 86.5 (Building Permit Forecast: 11,079 / Annual % Change: 57%) 

#3 Durham-Chapel Hill, NC  (2010’s #9)

MHI: 81.5 (Building Permit Forecast: 3,250 /Annual % Change: 70%)

#4 Huntsville, AL  (2010’s #7)

MHI: 80.3  (Building Permit Forecast: 4,283 / Annual % Change: 55%)

#5 Gulfport-Biloxi, MS

MHI: 78.1  (Building Permit Forecast: 1,783 / Annual % Change : -4%)#6 Minneapolis-St. Paul-Bloomington, MN-WI  (2010’s #13)

MHI: 77.6  (Building Permit Forecast: 9,403 / Annual % Change: 66%)

#7 Houston-Sugar Land-Baytown, TX  (2010’s #18)

MHI:77.3  (Building Permit Forecast: 34,763 / Annual % Change: 30%)

#8 Charlotte-Gastonia-Concord, NC-SC  (2010’s #3)

MHI: 76.6 (Building Permit Forecast: 9,494 / Annual % Change : 65%)

#9 Naples-Marco Island, FL

MHI: 75.8 (Building Permit Forecast: 2,504 / Annual % Change : 108%)

#10 San Antonio, TX (2010’s #4)

MHI: 75.6  (Building Permit Forecast: 8,002 / Annual % Change: 23%)

#11 Washington-Arlington-Alexandria, DC-VA-MD-WV (2010’s #8)

MHI: 74.8 (Building Permit Forecast: 20,397 / Annual % Change: 32%)

#12 Dallas-Ft. Worth-Arlington, TX (2010’s #11)

MHI: 70.7  (Building Permit Forecast: 30,630 /Annual % Change: 52%)

#13 Birmingham-Hoover, AL

MHI: 70.1 (Building Permit Forecast: 1,657 /Annual % Change: 4%)

#14 Nashville-Davidson-Murfreesboro-Franklin, TN

MHI: 67.2 (Building Permit Forecast: 8,326 / Annual % Change: 53%)

#15 El Paso, TX

MHI: 65.8 (Building Permit Forecast: 4,685 / Annual % Change: 1%)

#16 Wilmington, NC (2010’s #17)

MHI: 65.0 (Building Permit Forecast: 2,578 /Annual % Change: 41%)

#17 Richmond, VA (2010’s #12)

MHI: 64.2 (Building Permit Forecast: 4,539 / Annual % Change: 29%)

#18 Boise-Nampa, ID

MHI: 63.0 (Building Permit Forecast: 3,358 / Annual % Change: 109%)  

#19 Omaha-Council Bluffs, NE-IA

MHI: 62.8 (Building Permit Forecast: 3,008 / Annual % Change: -4%)

#20. Boston-Cambridge-Quincy, MA-NH

MHI: 62.6 (Building Permit Forecast: 8.469 / Annual % Change: 32%)

To read the full BuilderOnline article: click here

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