Housing Market Continues To Recover

Housing Market Continues To Recover

Houston has made the list of improving housing markets as the nation’s economic recovery continued to gained steam. A total of 291 metropolitan areas made the National Association of Home Builders/First American Improving Markets Index in September, a gain of 44 markets from August and the highest level since the index began two years ago. The index measures employment growth from the Bureau of Labor Statistics, house price appreciation from Freddie Mac and single-family housing permit growth from the U.S. Census Bureau. A metro area must see improvement in all three measures for at least six consecutive months following those measures’ respective troughs before being included on the list. Among the 291 regions on the September list, Houston ranked No. 19 for job growth with a gain of 11.8% since December 2009. The top three regions with the biggest price gains since the trough were Phoenix, Las Vegas and Bismarck, N.D. Houston ranked 68th among the improving markets for price gains, registering a 13.9 percent increase since January 2011. 


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Phone: 281-682-6069
Dated: September 10th 2013
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