Improving Markets Index Holding Steady

The National Association of Home Builders/First American Improving Markets Index (IMI) informs MHProNews the list of improving housing markets remains virtually unchanged from last month. Five new markets showed improvements in employment, housing permits and home prices for at least six months, while six fell from the ratings. NAHB Chief Economist David Crowe says following seven months of growth, “the number of markets is holding steady at a high level.” Kurt Pfotenhauer, vice chairman of First American Title Insurance Company, notes, “With 75 percent of the country seeing measurable improvement in housing market conditions, the outlook is definitely brightening for local economies this spring.”

(Graphic credit: Photobucket–flatline)

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