WASHINGTON - The number of U.S. improving housing markets has increased by five for a total of 263 in June, according to the National Association of Home Builders/First American Improving Markets Index (IMI). These numbers are up three times what they were last June.

“This is the fifth consecutive month in which the IMI has designated more than 70 percent of U.S. metros as improving,” says NAHB Chairman Rick Judson.

The IMI is designed to track markets that improve economically for sixth consecutive months. Twenty-nine new markets were added to the list while 24 others were dropped from it this month. New entrants include Salinas, Calif.; Sioux City, Iowa; Chicago, Ill.; Topeka, Kan.; Baton Rouge, La.; Laredo, Texas; and Philadelphia, Pa.

 

Have something to say? Share your thoughts with us in the comments below.