Housing Market, Economy Still Behind in Most U.S. Cities


According to a by the National Association of Home Builders (NAHB), only 18 percent of U.S. cities were at a normal level of housing and economic activity. Some metro areas made gains in their activity levels from 2014.

Of the 350 metro areas analyzed, 63 reached or exceeded their normal levels, but overall the country is performing at 90 percent of what it should in housing and jobs. According to the report, cities with higher unemployment rates have shown lower number of permits filed for new home construction

Areas that have recovered the most include cities with a large focus on energy and technology, including several in Texas and California. Smaller cities also accounted for a portion of the cities that bounced back more quickly.

Some of the cities with the most activity include Baton Rouge, La., Oklahoma City, Honolulu, Austin and Houston, Texas.