"Improving Markets" Nearly Double in January

by devteam January 9th, 2012 | Share

The list of housing markets demonstratingrnimprovement on a trio of housing-related measures took a big jump in January,rnrising to 76 cities from 41 in December. rnThe National Association of Home Builders (NAHB)/First American ImprovingrnMarkets Index (IMI) highlights metropolitan areas that have shown a consistentrnimprovement in housing permits, employment, and house prices. </p

A metropolitan area must see improvementrnon each of three data sets used by IMI; the Bureau of Labor Statisticsrn(employment), Freddie Mac (home prices), and the U.S. Census Bureau (permits)rnfor a minimum of six months following its respective trough to be included onrnthe list.  </p

The new cities were geographicallyrndispersed; cities in 22 states made their initial appearance in January.  Thirty-one states and the District ofrnColumbia are now represented by at least one metro area.  Five cities in five states fell off the listrnin the last month. </p<p"Whilernrelatively small metropolitan areas continue to dominate the list of improvingrnhousing markets, it's important to note that several major metros in diversernparts of the country have now joined the field as well – including such metrosrnas Dallas, Denver, Honolulu, Indianapolis, Nashville and Philadelphia,"rnadded NAHB Chief Economist David Crowe. "This is an encouraging sign thatrngradually strengthening economic conditions are starting to take hold across arnbroader swath of America."</p

New entrants to the list in January include the following (listed alphabetically by state):</p

Florence, AL
Tuscaloosa, AL
Fayetteville, AR
Denver, CO
Greeley, CO
Bridgeport, CT
New Haven, CT
Cape Coral, FL
Jacksonville, FL
Punta Gorda, FL
Honolulu, HI
Ames, IA
Des Moines, IA
Dubuque, IA
Elkhart, IN
Indianapolis, IN
Lafayette, IN
Lake Charles, LA
Worcester, MA
Grand Rapids, MI
Lansing, MI
Monroe, MI
Minneapolis, MN
Columbia, MO
Joplin, MO
Fargo, ND
Manchester, NH
Cincinnati, OH
Oklahoma City, OK
Tulsa, OK
Corvallis, OR
Erie, PA
Philadelphia, PA
Chattanooga, TN
Clarksville, TN
Nashville, TN
College Station, TX
Dallas, TX
Victoria, TX
Madison, WI

All Content Copyright © 2003 – 2009 Brown House Media, Inc. All Rights Reserved.nReproduction in any form without permission of is prohibited.

About the Author


Steven A Feinberg (@CPAsteve) of Appletree Business Services LLC, is a PASBA member accountant located in Londonderry, New Hampshire.

See all blogs


Leave a Comment

Leave a Reply

Latest Articles

Real Estate Investors Skip Paying Loans While Raising Billions

By John Gittelsohn August 24, 2020, 4:00 AM PDT Some of the largest real estate investors are walking away from Read More...

Late-Stage Delinquencies are Surging

Aug 21 2020, 11:59AM Like the report from Black Knight earlier today, the second quarter National Delinquency Survey from the Read More...

Published by the Federal Reserve Bank of San Francisco

It was recently published by the Federal Reserve Bank of San Francisco, which is about as official as you can Read More...