The Improving Markets Index (IMI) [an index compiled and analyzed by the National Association of Home Builders and First American] identifies metro areas that have shown improvement from their respective troughs in housing permits, employment and house prices for at least six consecutive months. With the most-recently updated index a total of 47 new metros were added to the list and six were dropped from it. And for the first time Reno, Nevada has joined the list of improving markets. See the RGJ story here: Reno housing market on the mend, builders association report says
Today, 242 out of 361 metros nationwide appear on the National Association of Home Builders’ Improving Markets Index. See List of Improving Housing Markets Expands to 242 in January
