Is Indianapolis among the nation's improving housing markets? Survey says, "Yes!" Indianapolis was one of 201 metro areas on the December 2012 list of improving housing markets, according to the National Association of Home Builders/First American Improving Markets Index.
The Improving Markets Index identifies metropolitan areas that have shown improvement in housing permits, employment and home prices for at least six consecutive months. Indianapolis was one of 84 new metro areas added to the list in December 2012.
The National Association of Home Builders uses the latest available data from three sources to generate a list of improving markets: employment growth from the Bureau of Labor Statistics, housing price appreciation from Freddie Mac and single-family housing permit growth from the U.S. Census Bureau. A metropolitan area must see improvement in all three area for at least six consecutive months following those measures’ respective "troughs" (lows) before being included on the improving markets list.
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