Lansing – East Lansing MSA 3rd Most Improved in Nation for Housing Health
LANSING, Mich. – A recent report released by Nationwide named the Lansing – East Lansing MSA 9th in the United States for growth in housing health and 3rd most improved overall in fourth quarter 2015. The report, Nationwide’s Health of Housing Markets Report, utilized data from four categories to determine the ranking: employment, demographics, the mortgage market, and house prices. According to the report, “if job growth increases in an MSA, then the resulting rise in incomes creates additional housing demand. Consumers have a greater ability to earn and save for home purchases, increasing sales and pushing up house prices.” Job growth has been strong through the Lansing region.
“This report, once again, independently substantiates that Global Lansing, on a national scale, is growing at an accelerated rate. In terms of growth, the region is in good company with Columbus, OH. Lansing has the same attributes as other capital cities, including Madison and Austin, and we are determined to keep on pace, growth-wise,” said Bob Trezise, President and CEO of LEAP. “ The little Lansing region of old, is just that. We are a new Metro Lansing, one that is a genuine national and global player. This is great news for families and businesses alike.”
Click here to see the full report.
###
About LEAP
The Lansing Economic Area Partnership (LEAP) is a coalition of area leaders partnering to build a stronger community for all—working every day to grow, retain and attract business.
Category: Press Releases