The National Association of Home Builders released their October 2011 update of the Improving Market Index. Minneapolis/St Paul has not made the Improving Market Index yet, but from what we have been seeing on the weekly updates I suspect we may hit this Index sometime in 2012 if we get some price stability.
The data they provide is good, but I wanted to see these market on a map layout. The simplist way I knew how to do it was to create a Google Map. I placed the Cities they have on their IMI to get a visual of the real estate market improvements. It appears to me as if the Energy Sector is what is driving it.
View NAHB IMI Map in a larger map
Click here to see the press release from the NAHB IMI.
Post from NAHB: Eye on Housing with a great explanation of Anchorage, AK and why they are on the IMI now. Jo
- NAHB Builder Confidence index increases in October (calculatedriskblog.com)