“Baton Rouge, Louisiana has the best for a major metro with LMI a score of 1.41, while Odessa and Midland, Texas, has the highest for a small metro area with LMI a score of 2.0 or better.”
“On May 6, 2014, National Association of Home Builders (NAHB) First American Leading Markets Index (LMI) report indicated 59 out of the 351 metro areas nationwide have improved to a score of .88 in May of 2014 from a revise score of .87 in April 2014, and higher score of .82 from May of 2013, to be included in the report an area must increase in housing permits, house prices, and employment. ”
In April 2014 in East Baton Rouge, West Baton Rouge, Livingston and Ascension Parish housing markets, there were 489 new home sales from $112,000 to $933,134, median sales price $208,000, average sold price price per sq. ft. $116.83. Data used with permission of the GBRMLS from 01/01/2014 to 04/30/2014, extracted 05/13/2014.
Baton Rouge New Home Photo is a new DR Horton home I recently appraised in Lake at Magnolia Trace Subdivision 70817.