10.01.2012 - U.S.builders: Go local for upbeat housing data
Home prices are still falling across the country, but the leading trade association for home builders says there’s a growing list of rebounding local markets. The National Association of Home Builders, along with real estate services firm First American, released its latest Improving Markets Index, which tracks a number of factors that indicate “signs of improving economic health,” including six months or more of increasing single-family home permits, rising home prices and increasing employment. Monday’s report shows the index – which is actually just a list of cities — growing by leaps and bounds, up to 76 markets from 41 in December and 12 in the index’s inaugural month, September...........................................Full Article: Source
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