The Housing Zone has reported that eighty-four new metro areas across the US are showing signs of sustained growth in "permits, home prices, and employment. " The number of improving markets was identified by the National Association of Home Builders/First American Improving Markets Index. For a metro to make the list, its market has to show growth for six consecutive months.
"This fourth consecutive month of expansion in the IMI, coupled with the fact that well over half of all metro areas are now represented on the list, is in keeping with the upward trends that we've been seeing all year in terms of housing starts and sales, builder confidence and other measures," NAHB Chief Economist David Crowe said.
"In general, we expect the overall housing recovery to continue expanding in 2013. However, that is absent a major policy change of the kind that some policymakers have been discussing with regard to the mortgage interest deduction."
SouthStar Communities is proud to announce the inclusion of the following cities, home to our master-planned communities, on the NAHB Improving Housing Markets list:
- San Antonio – Vintage Oaks at the Vineyard
- College Station – King Oaks
- Dallas – Lake Ridge at Joe Pool Lake
- Raleigh – Chapel Ridge
See the full Improving Markets List of all 201 metros here.