Improving Markets Index Expands to 41 Metropolitan Areas
This month’s NAHB/First American Improving Markets Index reveals that the number of improving housing markets continued to expand for a fourth consecutive month, rising from 30 in November to 41.
The index identifies metropolitan areas that have shown at least six months of improvement in employment and housing prices as well as an increase in housing permits.
The December list featured 20 new additions, including several major markets such as Washington, D.C., San Jose, Calif., and Toledo, Ohio. Meanwhile, nine smaller markets dropped off the list, primarily due to softer house prices.
See a complete list of the metros featured in the December NAHB / First American Improving Markets Index.