Aug 09

Improving Housing Markets in nearly 1/4 of the Metros

Improving Housing Markets in nearly 1/4 of the Metros.

Improving Housing Markets in nearly 1/4 of the Metros

Improving Housing Markets in nearly 1/4 of the Metros

Eighty U.S. metro areas are holding a spot in this month’s Improving Housing Markets Index, a housing index that spotlights housing markets showing gains over at least six consecutive months.

The National Association of Home Builders/First American’s August index shows that 75 metro areas kept their spot on this month’s list, with the addition of five new ones.

The five metros added to this month’s Improving Housing Markets index are:

  • Miami
  • Palm Bay, Fla.
  • Hinesville, Ga.
  • Terre Haute, Ind.
  • Lubbock, Texas

The index measures improvements in housing permits, employment, and housing prices over at least six months.

“The list of improving housing markets in August includes metros across every region of the country, all of which have distinctly different characteristics in terms of their economic and employment bases as well as other factors,” says Barry Rutenberg, NAHB chairman. “One thing that most markets have in common, however, is the tight lending environment for both builders and buyers that continues to drag on their positive momentum.”

To view a complete list of the 80 metro areas on the IMI, visit www.nahb.org/imi.

Source: National Association of Home Builders

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