After seven months of gains, this month’s list of improving housing markets remained mostly unchanged in April, holding at 273 metros, according to the National Association of Home Builders/First American Improving Markets Index. The list reflects metros from all 50 states as well as the District of Columbia.
The index identifies metros that have shown improvement in housing permits, employment, and home prices for at least six consecutive months.
While six markets dropped from this month’s list, five new metros were added on: Macon, Ga.; Portland, Maine; Rocky Mount, N.C.; Eugene, Ore.; and Jackson, Tenn.
“The stability in the improving markets list this month is encouraging, with three-quarters of all metros tracked by our index considered on the upswing as the housing recovery spreads to parts of every state,” says NAHB Chairman Rick Judson. “In some markets, the main thing that’s holding back a recovery is a relatively thin inventory of homes for sale, which could be resolved if builders had easier access to credit for building homes and putting people back to work.”
The author of this article is: realtormag.realtor.org
See the original post at: http://realtormag.realtor.org/daily-news/2013/04/05/list-improving-markets-holds-steady-in-april
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