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June 19th, 2012

June’s Improving Housing Market

Categories: Homebuilding | Tags: , ,

80 metros are listed as improving housing markets this June. Which is good news for our custom home builders! According to the National Association of Home Builders/First American Improving Markets Index (IMI), the list includes 28 new entrants plus at least one representative from 31 different states.

The IMI identifies areas that have improved in employment, housing permits, and housing pricing for at least six months. A metropolitan area must see improvement in all three areas for at least those six months before being included in the index. For this month’s index 52 areas held their spots, with 48 slipping from the list but 28 being added. This includes our custom home builders in Dallas, as well as Grand Junction, Colorado and Knoxville, Alabama as notable areas.

“Though today’s IMI reflects a decline in the number of improving markets from May, the list continues to show significant geographic diversity, with 31 states represented and roughly one quarter of all U.S. metros included,” said NAHB Chairman Barry Rutenberg, a home builder from Gainesville, Fla. Noted NAHB Chief Economist David Crowe added, “[T]he fact that multiple new areas are showing up on the list each month is encouraging, and highlights the degree to which local economic and job market conditions are what drive individual housing markets.” For more information, see the NAHB article here.

As the market improves, have you been seeing more interest in your custom homes? If you’re in one of those 80 metro areas – and if you’re not – it’s a good time to think about your custom home builder marketing. And whether you’re interested in a new website, a mobile site, or SEO, we can help you. Along with your listing here, have you considered a listing at Top Ten Builders? Right now we’re offering a double deal package; sign up for your listing Custom Builders and you can also start a listing on Top Ten for free! That’s for our ground pricing, a lowered cost for first-comers that you’ll be locked into regardless of price increases. Let us know if you’re interested.

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