The list of housing markets showing measurable improvement expanded slightly to include 101 metropolitan areas in April, according to the National Association of Home Builders (NAHB)/First American Improving Markets Index (IMI). Thirty-four states and the District of Columbia are now represented by at least one market on the list.
The 101 markets on the April IMI represent a net gain of two from March, with 13 metros being added and 11 markets slipping from the list, while 88 markets retained their places on it. Among the new entrants, areas as diverse as Rome, Ga.; Coeur d'Alene, Idaho; Greenville, N.C.; Brownsville, Texas; St. George, Utah; and Huntington, W.Va., are now represented on the IMI.
‘While housing markets across the country continue to struggle under the weight of overly tight lending conditions and other challenges, the April IMI indicates that at least 101 individual metros are showing measurable and consistent signs that they are headed in the right direction,’ says NAHB Chairman Barry Rutenberg. ‘A total of 35 states are now represented on the list, with 10 states having four or more entries. This positive news is in line with what our builder members have observed regarding firming conditions and improved buyer interest in certain locations.’