NAHB: Number of improving markets explodes past 200 in December

The number of housing markets showing improvement, as identified by the NAHB/First American Improving Markets Index, reached unprecedented levels in December, swelling to a total of 201 markets across the country.

December 06, 2012
NAHB, Improving Markets Index, IMI, December 2012, 201 metros, record

The number of housing markets showing improvement, as identified by the NAHB/First American Improving Markets Index, reached unprecedented levels in December, swelling to a total of 201 markets across the country.

The record-setting number included 84 metros making their debut on the list; at the same time, only eight fell off, resulting in a net gain of 76. With the new additions, 44 states plus the District of Columbia are now represented on the IMI.

The index identifies metropolitan areas that have shown improvement from their respective troughs in housing permits, employment and house prices for at least six consecutive months.

"This fourth consecutive month of expansion in the IMI, coupled with the fact that well over half of all metro areas are now represented on the list, is in keeping with the upward trends that we've been seeing all year in terms of housing starts and sales, builder confidence and other measures," noted NAHB Chief Economist David Crowe. "In general, we expect the overall housing recovery to continue expanding in 2013. However, that is absent a major policy change of the kind that some policymakers have been discussing with regard to the mortgage interest deduction."

New additions to the index include:

Alabama

Decatur

Dothan

Florence

Montgomery

Arkansas

Fort Smith

Arizona

Flagstaff

California

Bakersfield

Fresno

Redding

Riverside

San Francisco

San Jose

San Luis Obispo

Stockton

Vallejo

Colorado

Denver

Grand Junction

Pueblo

Connecticut

Bridgeport

Delaware

Dover

Florida

Jacksonville

Lakeland

Orlando

Georgia

Athens

Atlanta

Iowa

Davenport

Dubuque

Waterloo

Idaho

Coeur d’Alene

Idaho Falls

Illinois

Bloomington

Indiana

Indianapolis

Lafayette

Terre Haute

Kentucky

Bowling Green

Lexington

Louisiana

Baton Rouge

Maryland

Baltimore

Hagerstown

Michigan

Ann Arbor

Flint

Minnesota

Minneapolis

Rochester

Missouri

Springfield

St. Louis

Mississippis

Pascagoula

Montana

Billings

North Carolina

Durham

Goldsboro

Greensboro

Greenville

Nevada

Las Vegas

New York

Buffalo

Glens Falls

Ithaca

Rochester

Ohio

Akron

Lima

Toledo

Oregon

Portland

Pennsylvania

Erie

Harrisburg

Philadelphia

Rhode Island

Providence

South Carolina

Columbia

Florence

Spartanburg

Tennessee

Memphis

Texas

Brownsville

College Station

Killeen

Texarkana

Utah

Ogden

Virginia

Charlottesville

Danville

Roanoke

Virginia Beach

Winchester

Washington

Longview

Seattle

Spokane

Yakima

Wisconsin

Green Bay

Janesville

To see the full list of all 201 metros, click here.

Comments on: "NAHB: Number of improving markets explodes past 200 in December"

Email Subscriptions