The number of improving markets in the U.S. has remained virtually unchanged in April, with 273 metros on the March.
The index lists metropolitan areas that have shown improvement in housing permits, employment and home prices for at least six months in a row. Macon, Ga.; Portland, Maine; Rocky Mount, N.C.; Eugene, Ore.; and Jackson, Tenn., were added to the list in April.
"After a strong run-up through late 2012 and early 2013, the number of improving markets is holding steady at a high level," said NAHB Chief Economist David Crowe. "We can expect to see more gradual gains going forward as challenges related to increased demand kick in-including everything from tightened supplies of developable lots and labor to the rising cost of building materials."
The full NAHB report is available here.
