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Featured Article

Springfield Makes Debut on Improving Markets List
from the Springfield Business Journal
March 21, 2012
 
The Springfield metropolitan statistical area (MSA) debuted last week on the National Association of Home Builders/First American Improving Markets Index, which tallies housing markets showing measurable improvement.

The Springfield MSA - which comprises Greene, Christian, Webster, Dallas and Polk counties - is among 99 MSAs nationwide to make the March 15 list, including the Joplin, Kansas City, Jefferson City and Columbia MSAs.

The index is measured based on employment growth data from the U.S. Bureau of Labor Statistics, housing price appreciation from Freddie Mac and single-family housing permit growth from the U.S. Census Bureau. To be listed, an MSA must show improvement from their respective lows in all three areas for at least six consecutive months.

In the Springfield MSA, the employment low was Sept. 30, 2009; the housing price low occurred Jan. 31, 2011; and the building permit low came March 31, 2009. Since the low points, the indicators have grown 2.2 percent, 0.2 percent and 2 percent, respectively.

“Our region has several advantages compared to most other markets in the country,” Matt Morrow, CEO of the Home Builders Association of Greater Springfield, said in a news release. “We have a diverse jobs economy, with an unemployment rate well below average. People continue to move here, and a growing population ultimately will always need housing."

Springfield Business Journal's Jan. 23 story, "Room to Improve," noted the Springfield MSA was absent from the First American Improving Markets Index, and some industry representatives said the reason likely was because Springfield wasn't hit as hard by the recession.

"New home inventory levels, while once slightly overbuilt, are now at or below normal levels. It all adds up to this. Just as we entered the downturn later than most, we are likely to emerge sooner. And while we certainly felt our share of pain, we never had to sink as deeply as many other markets have," Morrow said in the release.
 
(We would like to thank Local Real Estate Agent Rick Richardson for sending this article to us)

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Springfield Mo Quick Facts
  • Climate

    Expect highs in the 80's during the summer months with lows in the 20's and 30's during winter. Strong seasonal weather including ice and snow storms in the winter, flash floods and tornadoes in the spring, hard drought and heatwaves for the summer. Forbes Magazine's list of Wildest Weather Cities, Springfield is the city with the most varied weather in the nation.
  • Demographics

    2000 Census: 91.69% White, 3.27% African American, 0.75% Native American, 1.36% Asian. 19.9% under the age of 18, 17.4% from 18 to 24, 28.0% from 25 to 44, 19.8% from 45 to 64, and 14.9% are 65 years of age or older. Median income for a household in the city was $29,563, and the median income for a family was $38,114.
  • Names & Nicknames

    Springfield's nickname is the "The Queen City." It is also known as "The Cultural Center of the Ozarks." The area formerly known as North Springfield was once known as Moon City. Springfield is also known as "The Birthplace of Route 66," due to its early connection with the designation of U.S. Route 66. - wiki
  • Facts and Figuers

    Springfield Missouri (MO) Green and Christian counties.
    Zip Codes: 65800-65899 Area Code: 417
    Central Standard Time, Approx. 73 Square Miles
    Coordinates: 37° 11′ 42″ N, 93° 17′ 10"
    Founded In 1938
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