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More metros were added to this month’s , allowing the index to grow in January to 242 metros out of 361 nationwide.

The of Home Builders/First American Index identifies areas that have shown growth in housing permits, employment, and for at least six consecutive months. The index was created in September 2011.

Forty-seven new metros were added to January’s list, including areas like Los Angeles; Auburn, Ala.; Des Moines; Nashville; Richmond, Va.; and Cleveland.

“The has almost doubled in the past two months as stronger demand during prime home buying season boosted prices across a broader number of metropolitan areas,” says NAHB Chief Economist David Crowe. “Similar home price gains, and hence the , may be tempered in the future as we see data from typically slower months for home sales.”

To view  all 242 metros on the list, visit www.nahb.org/imi.

Source: http://realtormag.realtor.org/daily-/2013/01/08/number--housing-markets-keeps-growing

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