Here’s some more good news about the nation’s housing market. The number of markets listed as “improving” on the National Association of Home Builders/First American Improving Markets Index has reached a record high of 291.
That’s a significant vote of confidence in residential real estate. The index, started two years ago, is designed to track the housing market’s recovery in 360 metro areas by monitoring three key measures: Housing permits, employment and home prices. In all, 80 percent of the metros tracked by the index have shown consistent growth in these three measures in recent months.
The index is just one of several key indicators that demonstrate the continued strength of the residential market. For more information about the index and a city-by-city look at the nation’s housing recovery, go to this link.