The National Association of Home Builders/First American Improving Markets Index rose by 29 metropolitan areas in February bringing the total number of entries to 98. There are now 36 states represented by at least one metro market. The index identifies cities that have shown improvement in housing permits, employment, and prices for at least six consecutive months. Bob Nielsen, NAHB’s chairman, said the number of improving housing markets has risen for six consecutive months indicating that improving conditions are slowly but surely spreading from one housing market to the next. New entries to the list include Miami, Boston, Detroit, Kansas City, Portland, Memphis, and Salt Lake City. More here.
