June 5th, 2012 by WCBC Radio
A reader commentary appearing in Monday’s edition of the Cumberland Times News highlighted the improving housing market in the Cumberland area. The National Association of Home Builders recently unveiled an index that tracks housing markets on the mend, the NAHB/First American Improving Markets Index (IMI). It is intended to show that housing markets are local and there are metropolitan areas where economic recovery is underway. For the eighth release 100 markets are currently classified as improving under a conservative examination of local economic and housing market conditions. Among these areas is the Cumberland, Md.–West Virginia metropolitan statistical area. The health of the Cumberland housing market is due to its position as a very large regional healthcare center, the presence of Frostburg State University and Allegany College of Maryland, the CSX Locomotive Maintenance Facility and the presence of several prisons, including a new maximum security prison. Cumberland also benefits from several large call centers and the large Hunter-Douglas fabrication plant where custom energy efficient window treatments are made. Elliot F. Eisenberg, Senior Economist, Housing Policy Research with the National Association of Home Builders will be a guest this morning on the After-nine segment of WCBC’s “Dave Norman Show” to discuss these and other findings related to the local housing market.