Although the recently released NAHB/First American Improving Markets Index (IMI) illustrated decreases from April’s 273 to 258, news throughout the United States continues to bode well. The National Association of Home Builders (NAHB) even feels confident about the future of the housing market and your home. Do you?
In fact in a newly released, “Housing Now” video shown here Jeff Blankert explains a recent rise in single family home statistics stating that the current 1.2% rise in the S&P/Case-Shiller Home Price Indices is at an all time best since 2006.
“The fact that over 70 percent of all U.S. metros are holding onto their spots on the improving list is definitely good news, and representative of the generally brightening outlook for housing markets nationwide,” said NAHB Chairman Rick Judson, who builds homes in Charlotte, N.C.
Kurt Pfotenhauer, vice chairman of First American Title Insurance Company, echoed that sentiment, saying, “Today’s report shows that the majority of U.S. metros are experiencing strengthening house prices, employment and permitting activity, which is a much more positive picture than the one we were seeing a year ago,” he said . “That’s the big picture on which consumers need to focus.”
The IMI tracks housing trends throughout the United States, analyzing signs of improving economic health. Studying employment growth, house price appreciation, and single-family home permits in various areas, the IMI requires gain in all three instances for at least six consecutive months in order for an area to be placed on the improving markets list. Have you seen improvements in your home and neighborhood in the last few months?
You can view all 258 metropolitan areas listed on the IMI by visiting the NAHB website.