{"id":66813,"date":"2012-10-12T16:39:55","date_gmt":"2012-10-12T16:39:55","guid":{"rendered":"http:\/\/whatsthepointofaventura.com\/2012\/10\/12\/list-of-improving-housing-markets-eclipses-100-in-october\/"},"modified":"2019-04-23T20:49:40","modified_gmt":"2019-04-23T20:49:40","slug":"list-of-improving-housing-markets-eclipses-100-in-october","status":"publish","type":"post","link":"https:\/\/ewmrealestate.com\/blog\/list-of-improving-housing-markets-eclipses-100-in-october\/","title":{"rendered":"List of Improving Housing Markets Eclipses 100 in October"},"content":{"rendered":"

List of Improving Housing Markets Eclipses 100 in October\"Improving<\/span><\/h3>\n

A total of 103 housing markets across the United States qualified to be listed on the National Association of Home Builders<\/a>\/First American Improving Markets Index (IMI)<\/strong> for October, released today. This is up from 99 markets listed as improving in September and is the largest number of metros on the IMI since it was created one year ago. A total of 33 states and the District of Columbia are represented on the October list.<\/p>\n

The index identifies metropolitan areas that have shown improvement from their respective troughs in housing permits, employment and house prices for at least six consecutive months. Markets added to the list in October include such geographically diverse locations as Santa Cruz, Calif.; Pocatello, Idaho; Abilene, Texas; and Savannah, Ga.<\/p>\n

\u201cWhile 11 new housing markets were designated as improving in October, 92 metros retained their spots on the IMI and just seven slipped from the list,\u201d notes Barry Rutenberg, chairman of the National Association of Home Builders (NAHB) and a home builder from Gainesville, Fla. \u201cThis is an encouraging sign that the housing recovery is proceeding at a steady pace as firming prices and employment help spur new building activity, which in turn generates new jobs and more home sales.\u201d<\/p>\n

\u201cThe fact that most markets are maintaining their spots on the improving list from month to month is an important indication that the recovery trend is solidifying,\u201d agrees NAHB Chief Economist David Crowe. \u201cAt the same time, overly tight credit conditions are certainly constraining consumers\u2019 ability to purchase homes as well as builders\u2019 ability to construct them.\u201d<\/p>\n

\u201cThe expansion of the improving markets list to more than 100 metros marks an important milestone on the road to recovery,\u201d notes Kurt Pfotenhauer, vice chairman at First American Title Insurance Company. \u201cFor potential buyers across the country, it is becoming increasingly apparent that now is a good time to explore a new-home purchase.\u201d<\/p>\n

The IMI is designed to track housing markets throughout the country that are showing signs of improving economic health. The index measures three sets of independent monthly data to get a mark on the top improving Metropolitan Statistical Areas. The three indicators that are analyzed are employment growth from the Bureau of Labor Statistics, house price appreciation from Freddie Mac and single-family housing permit growth from the U.S. Census Bureau. NAHB uses the latest available data from these sources to generate a list of improving markets. A metropolitan area must see improvement in all three measures for at least six months following those measures\u2019 respective troughs before being included on the improving markets list.<\/p>\n

A complete list of all 103 metropolitan areas currently on the IMI, and separate breakouts of metros newly added to or dropped from the list in October, is available at www.nahb.org\/imi<\/a>.<\/p>\n

I hope this information is useful to you. Please contact me for all your South Florida real estate needs at (305) 329-4929 or solovay.m@ewm.com.<\/p>\n","protected":false},"excerpt":{"rendered":"

List of Improving Housing Markets Eclipses 100 in October A total of 103 housing markets across the United States qualified to be listed on the National Association of Home Builders\/First American Improving Markets Index (IMI) for October, released today. This is up from 99 markets listed as improving in September and is the largest number<\/p>\n

Read More<\/a><\/p>\n","protected":false},"author":5555,"featured_media":130092,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_expiration-date-status":"","_expiration-date":0,"_expiration-date-type":"","_expiration-date-categories":[],"_expiration-date-options":[]},"categories":[11767],"tags":[],"yoast_head":"\nList of Improving Housing Markets Eclipses 100 in October - BHHS EWM Realty<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ewmrealestate.com\/blog\/list-of-improving-housing-markets-eclipses-100-in-october\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"List of Improving Housing Markets Eclipses 100 in October - BHHS EWM Realty\" \/>\n<meta property=\"og:description\" content=\"List of Improving Housing Markets Eclipses 100 in October A total of 103 housing markets across the United States qualified to be listed on the National Association of Home Builders\/First American Improving Markets Index (IMI) for October, released today. This is up from 99 markets listed as improving in September and is the largest numberRead More\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ewmrealestate.com\/blog\/list-of-improving-housing-markets-eclipses-100-in-october\/\" \/>\n<meta property=\"og:site_name\" content=\"BHHS EWM Realty\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/EWMRealtyInternational\" \/>\n<meta property=\"article:published_time\" content=\"2012-10-12T16:39:55+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-04-23T20:49:40+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ewmrealestate.com\/blog\/wp-content\/uploads\/2019\/06\/BHHS-On-Solid-Background.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"376\" \/>\n\t<meta property=\"og:image:height\" content=\"376\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Michael Solovay\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Michael Solovay\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ewmrealestate.com\/blog\/list-of-improving-housing-markets-eclipses-100-in-october\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/ewmrealestate.com\/blog\/list-of-improving-housing-markets-eclipses-100-in-october\/\"},\"author\":{\"name\":\"Michael Solovay\",\"@id\":\"https:\/\/ewmrealestate.com\/blog\/#\/schema\/person\/52904e6d94c0a7e01f3c4f4eb51fb721\"},\"headline\":\"List of Improving Housing Markets Eclipses 100 in October\",\"datePublished\":\"2012-10-12T16:39:55+00:00\",\"dateModified\":\"2019-04-23T20:49:40+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ewmrealestate.com\/blog\/list-of-improving-housing-markets-eclipses-100-in-october\/\"},\"wordCount\":499,\"publisher\":{\"@id\":\"https:\/\/ewmrealestate.com\/blog\/#organization\"},\"articleSection\":[\"EWM News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ewmrealestate.com\/blog\/list-of-improving-housing-markets-eclipses-100-in-october\/\",\"url\":\"https:\/\/ewmrealestate.com\/blog\/list-of-improving-housing-markets-eclipses-100-in-october\/\",\"name\":\"List of Improving Housing Markets Eclipses 100 in October - 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