HOUSING MARKET SHOWS CONTINUAL IMPROVEMENT

The National Association of Home Builders reported that the list of expanding markets has increased by  22 to a total  125 markets. The Improving Markets Index (IMI) identifies improvement in metropolitan areas in single family housing permit growth (US Census Bureau), employment (Bureau of Labor Statistics), and house price appreciation (Freddie Mac) for at least six consecutive months. This index is used to track housing markets that show signs of improving economic health.