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More than 20 housing markets officially improving

Posted on 07 October 2011

The National Association of Home Builders/ First American Improving Markets Index (IMI) made its largest month-over-month improvement since the index value turned positive in December 2010. It found that 23 individual housing markets now qualify as “improving”, which nearly double the 12 housing markets that made the list last month.
The index measures improvement for at least six months in housing permits, employment and housing prices. “Both the number and geographic diversity of improving housing markets expanded this month, with Iowa, Illinois and South Carolina all newly represented by one entry or more on the list,” says National Association of Home Builders Chairman Bob Nielsen, in a statement……………………………………….Full Article: Source

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