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

The of Home Builders/First American Market 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 season boosted prices across a broader number of metropolitan areas,” says NAHB Chief Economist David Crowe. “Similar home gains, and hence the IMI, 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-improving-housing-markets-keeps-growing

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