Improving Housing Markets Expand for 7th Consecutive Month

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The list of improving U.S. housing markets added a net of 15 markets to the National Association of Home Builders/First American Improving Markets Index (IMI) since February. The March list includes markets from all 50 states and the District of Colombia for the second month in a row.

The IMI identifies metropolitan areas that have shown improvement from their respective troughs in housing permits, employment and house prices for at least six consecutive months. Notable additions this month include Birmingham, Ala.; Santa Barbara, Calif.; Colorado Springs, Colo.; and Bloomington, Ind.

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