The Improving Markets Index fell to 258 metros in May from 273 in April, but continues to reflect metros from every state as well as the District of Columbia, according to the National Association of Home Builders and First American.
The Improving Markets Index identifies the metro areas that have shown improvement in housing permits, employment, and housing prices for at least six consecutive months.
Nineteen metros dropped from May’s index, but NAHB Chief Economist David Crowe says that this is similar to what happened with the index last year, as softer prices are usually seen in the winter months. As this generation begins to plant their roots, numbers show that new construction must increase to supply their future demand for homes. Read more ...
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