Milwaukee Housing Market Makes it on NAHB s Improving Markets Index
The NAHB/First American Improving Markets Index (IMI) for January increased to 242, adding a net 41 more markets to the 201 in December. The total represents two-thirds of all the eligible metropolitan areas (OMB designated metropolitan statistical areas with data available). All but two states have at least one metro on the list (Wyoming and New Mexico). Leading states are Texas with 20 metros on the list, California with 17 and Florida with 15. Only 6 metros were dropped from the list because of a dip in home prices while 47 metros were added primarily because house prices are above their level six months ago.