Tucson, Ariz.; Jacksonville, Fla.; Springfield, Ill.; Greenville, N.C.; and Bend, Ore., were amongst the 19 markets that the National Association of Home Builders, Washington, D.C., added to the NAHB/First American Improving Markets Index (IMI). Overall, 99 housing market across the United States are showing improving housing conditions and are on this list.
Barry Rutenberg, chairman of the National Association of Home Builders (NAHB) and a home builder from Gainesville, Fla., said "This solid growth is an encouraging sign that housing continues on a slow but steady recovery path that is gradually advancing from one local market to the next."
The IMI tracks housing markets throughout the country showing signs of improving economic health. The index measures three sets of independent monthly data to get a mark on the top improving Metropolitan Statistical Areas: employment growth from the Bureau of Labor Statistics; house price appreciation from Freddie Mac; and single-family housing permit growth. A complete list of all 99 metropolitan areas currently on the IMI, and separate breakouts of metros newly added to or dropped from the list in September, is available at www.nahb.org/imi.