Tyler Among Improving Markets
Posted/updated on: March 22, 2013 at 3:46 pm
TYLER — For the first time this year, Tyler is among 23 Texas cities on the March National Association of Home Builders/First American Improving Markets Index (IMI). 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. Texas was second only to California in the largest number of improving markets on the list. “The point is that economic conditions have been consistently strengthening in a diverse array of individual markets nationwide,” said NAHB Chairman Barry Rutenberg.
“As the economy is improving, our builders are seeing more and more clients who may have been watching and waiting for the last few years,” said Libby Simmons, executive vice-president of TABA. “These numbers are a continuing sign that things are improving.”
According to a news release from the Tyler Area Builders Association (TABA), the IMI is designed to track housing markets throughout the country that are showing signs of improving economic health. The index measures three sets of independent monthly data. Go to http://www.nahb.org/imi for a complete list of all 274 metropolitan areas currently on the IMI, and separate breakouts of metros newly added to or dropped from the list in March.
