Housing Index Nudging Up Slowly
The National Association of Home Builders (NAHB) states the NAHB/First American Improving Markets Index (IMI) shows four more markets are showing sustained and measured improvement than last month, bring the total to 84 for July. The IMI is based on monthly figures relating to employment growth, house price appreciation, and single-family housing permit growth. A metropolitan area must see gains in all three areas for six months before being included on the list. Seventy-three of the positions remain from June and 11 metro areas were added including Prescott, Arizona, Springfield, Massachusetts, St. Cloud Minnesota, and Houston. MHProNews.com has learned 32 state and the District of Columbia are represented on the list.
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