The list of housing markets showing measurable and sustained improvement was virtually unchanged in May at 100, down from 101 in April, according to the National Association of Home Builders/First American Improving Markets Index (IMI). The number of states on the list also remained steady at 35..
The index identifies metropolitan areas that have shown improvement from their respective troughs in housing permits, employment, and house prices for at least six consecutive months. From April to May 83 markets held onto their previous places and 17 new markets were added, and 18 dropped from the list.
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