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84 Housing Markets on Improving List in July

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84 Housing Markets on Improving List in July

The list of U.S. housing markets showing measurable and sustained improvement rose by four to include 84 metros in July, according to the NAHB/First American Improving Markets Index (IMI), released this week.

The total includes representatives from 32 states plus the District of Columbia. Seventy-three metros held their positions on the list from June, while 11 new markets were added this time around. Notable new entries include such geographically diverse places as:
  • Prescott, Ariz.;
  • Springfield, Mass.;
  • St. Cloud, Minn.; and
  • Houston.

 

“The modest increase in the July IMI is encouraging because it indicates that individual housing markets continue to regain their footing despite some recent reports of weakening in the broader economy,” noted NAHB Chief Economist David Crowe. “This is evidence that the housing recovery is slowly but surely taking root, one market at a time.” List of Improving Housing Markets

 

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  • Joanne Loftus
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