Daily Real Estate News | Tuesday, August
Eighty U.S. metro areas are holding a spot in this month’s Improving 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 index are:
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