The number of U.S. housing markets showing â€œmeasurable and sustained growthâ€ has increased by 19 this month, according to the National Association of Homebuildersâ€™ Improving Market Index.
The Improving Market Index is a monthly report meant to identify U.S. markets in which economic growth is occurring broadly â€” not just in terms of home prices.
The Improving Market Indexâ€™s conclusions are based on three separately-collected data series, each from a different division of the U.S. government and each tied to specific local economic conditions.
In this way, the Improving Market Index gives a better idea of which markets will outperform averages in the months and years ahead.
The three data series incorporated into the Improving Market Index are :
The National Association of Homebuilders evaluate the reports for each major metropolitan area and then deems a given one â€œimprovingâ€ if two conditions are met. First, all three data series must indicate growth in the current month and, second, at least 6 months have passed since each of the data pointsâ€™ respective â€œbottomsâ€.
The Improving Market Index ignores short-term spurts, in other words...Read More