TWO TEXAS CITIES ADDED TO IMPROVING MARKETS INDEX
WASHINGTON (National Association of Home Builders) – The latest Improving Markets Index (IMI), released last week by the National Association of Home Builders (NAHB), shows significant improvement in 99 housing markets in the United States.
The index, which identifies metropolitan areas with at least six consecutive months of improvements in housing permits, home prices and employment, now has 12 Texas cities, including newcomers Austin and San Antonio.
Other Texas cities making the list are Amarillo, College Station, Dallas, Laredo, Longview, McAllen, Midland, Odessa, Tyler and Victoria.
NAHB Chief Economist David Crowe believes the improvements are significant.
“The bottom line is that roughly one quarter of all U.S. metropolitan areas are showing signs that their housing markets have turned the corner, which is a very positive development," he said.
The latest IMI is available at the NAHB website.
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