NAHB/First American Improving Markets Index (IMI)

As the economy began to right itself after the Great Recession, the NAHB/First American Improving Markets Index (IMI) tracked housing markets throughout the country showing signs of improving health by measuring three sets of independent monthly data--employment growth (Census), house price growth (Freddie Mac) and single-family housing growth (Census) to identify the top improving markets. The IMI has been replaced with the NAHB/First American Leading Markets Index, measuring individual markets’ proximity to normal using the same three metrics but comparing them to the last period of normal market levels.

NAHB/First American Improving Markets Index (IMI)
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A total of 291 metropolitan areas across the country now qualify as improving housing markets, according to the National Association of Home Builders/First American Improving Markets Index (IMI) for September, released today. This reflects a gain of 44 markets from August and marks the …
9/9/2013
Press Release
A total of 247 metropolitan areas across 49 states and the District of Columbia qualified for inclusion on the National Association of Home Builders/First American Improving Markets Index (IMI) for August, released today. While this is eight metros shy of the number listed on the IMI in July, it is …
8/6/2013
Press Release
A total of 255 metropolitan areas across 49 states and the District of Columbia qualified to be listed on the National Association of Home Builders/First American Improving Markets Index (IMI) for July, released today. This is down slightly from the 263 metros that made the list in June, but is …
7/8/2013
Press Release
The number of U.S. housing markets on the mend rose by five to a total of 263 in June, according to the National Association of Home Builders/First American Improving Markets Index (IMI), released today. The list includes entrants from 49 states and the District of Columbia.   The IMI …
6/6/2013
Press Release
The number of U.S. housing markets showing sustained improvement in three key measures fell slightly to 258 in May from 273 in April, according to the NAHB/First American Improving Markets Index (IMI), released today. This total includes entrants from all 50 states and the District of …
5/6/2013
Press Release
Following seven consecutive months of gains, the list of improving U.S. housing markets remained virtually unchanged in April, with 273 metros on the National Association of Home Builders/First American Improving Markets Index (IMI), released today. This total reflects a net reduction of one market …
4/4/2013
Press Release
The list of improving U.S. housing markets expanded for a seventh consecutive month in March to include 274 metros on the National Association of Home Builders/First American Improving Markets Index (IMI), released today. This total amounts to a net gain of 15 markets since February and includes …
3/21/2013
Press Release
The number of improving housing markets continued to expand for a sixth consecutive month to a total of 259 metropolitan areas on the National Association of Home Builders/First American Improving Markets Index (IMI) for February, released today. This is up from 242 markets listed as improving in …
2/6/2013
Press Release
The number of housing markets considered “improving” according to parameters established by the National Association of Home Builders/First American Improving Markets Index (IMI) surged by 76 to a total of 201 metros in December, according to IMI data released today. The index also …
12/6/2012
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