The National Association of Home Builders’ list of improving housing markets nearly doubled this month, as more cities showed signs of a rebound with their real estate markets.
The list now contains 76 improving markets, up from 41 in December, according to NAHB’s and First American’s Improving Markets Index, a monthly gauge that measures a city’s improvements in housing permits, employment, and housing prices for at least six months.
“The fact that the list of improving housing markets nearly doubled this month shows that a significant, positive trend is developing, and is even more relevant when you consider the expanding geographic distribution of the list — which now includes 31 states and the District of Columbia,” NAHB Chairman Bob Nielsen said in a statement.
These cities were added to the list in January:
New Haven, Conn.
Cape Coral, Fla.
Punta Gorda, Fla.
Des Moines, Iowa
Lake Charles, La.
Grand Rapids, Mich.
Oklahoma City, Okla.
College Station, Texas