Number of improving housing markets leaps up 61% in December

The number of improving US housing markets took a dramatic leap up to a total of 201 metros in December, according to the National Association of Home Builders'First American Improving Markets Index (IMI).




NAHB improving markets - Dec2012 chart

In the course of only a year, the number of improving markets according to the IMI has surged from about 40 last December to about 200 this December… a huge improvement and an important indicator that the US housing market is recovering and stabilizing.

The IMI measures improvement in three areas: housing permits, employment and house prices. To earn a place on the list of improving housing markets a metropolitan area must have shown improvement from their respective troughs in all three measures for at least six consecutive months.

Over half of all metro areas are now represented on the list, and improvement in all three areas for at least six consecutive months is a significant indicator of improving housing market health.

According to the December IMI the Twin Cities ranks #137 in housing permit growth, #106 in employment growth and #9 in house price growth.

Sharlene Hensrud, RE/MAX Results – EmailTwin Cities Real Estate Market

RELATED POSTS

Written By

I love what I do! Highly insightful, analytical and creative, there is nothing I love more than helping you find the right solution for your real estate transition. My mission is to serve my clients with honesty and integrity, exceeding their expectations in service and support… and to help others by donating a portion of every transaction to Habitat for Humanity.

Related Posts

Weekly real estate market update… Goldman Sachs predicts the worst is behind us

🖨 Print Article Market stats are encouraging, as new and coming soon listings show a slight increase… and pending sales continue to rise while price drops decline. Even multiple offers...

Months supply of inventory continues to drop

🖨 Print Article Months supply of inventory has been dropped slowly but steadily since March, now down to 3.4 months metrowide according November data released this week by the Minneapolis...

Subscribe to Our Newsletter for Market Updates & Mid-Century Modern Listings

Our weekly HomesMSP Update includes current local market information and a curated list of mid-century modern properties for sale, plus posts from an inspector, a lender, a stager, info about neighborhoods, life in the Twin Cities… even recipes!

Hidden

Blog Categories

Archives

Sharon and John Hensrud

About Us

The HomesMSP Team is committed to meeting you where you are and listening… really listening to understand you so we can use our extensive knowledge of the market and local neighborhoods to give you personalized service.