Business

Wichita area housing continues slow recovery in June

The National Association of Home Builders rates the Wichita metro area’s housing industry at .85, representing a continued slow rebound from the housing collapse and national economic recession.

The association’s rating is based on home prices, the number of new single-family home building permits and construction employment. The association set 1.00 as what it considers a metro area’s sustainable peak, last reached in Wichita in December of 2008.

The Wichita area’s lowest point was several months in late 2012, when it was .79. Its highest point was May 2006 when it was 1.15.

Other cities in the region for June were: Oklahoma City, 1.13; Des Moines, 1.00; Tulsa, .99; Omaha, .91; Lawrence, .89; Topeka, .94; Kansas City, Mo.-Kan., .82. The national average for June was .92.

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