WASHINGTON, D.C. – September 1, 2011 – (RealEstateRama) — The National Association of Home Builders (NAHB) announced today the launch of its NAHB Improving Markets Index (IMI), a new monthly economic index showing which housing markets are improving in three key economic indicators.WHEN: Wednesday, Sept. 7, 2011
10:00 a.m. ET
The inaugural index will be released at 10:00 a.m. ET on Wednesday, Sept. 7, 2011. The IMI will be released on the fourth business day of each month at 10:00 a.m. ET, unless that day falls on a Friday, in which case the index will be released that following Monday.
The release dates for the remainder of 2011 are as follows:
- Wednesday, Sept. 7, 2011
- Thursday, Oct. 6, 2011
- Monday, Nov. 7, 2011
- Tuesday, Dec. 6, 2011
Beginning Sept. 7, the National Association of Home Builders (NAHB) will unveil a new monthly economic indicator—the NAHB Improving Markets Index (IMI)—designed to track housing markets throughout the country that are showing signs of improving economic health.
The new indicator will measure three sets of independent monthly data to get a marker on the top improving Metropolitan Statistical Areas (MSAs). The three indicators that will be analyzed are employment growth numbers from the Bureau of Labor Statistics (BLS), house price growth data from Freddie Mac, and single-family housing permit growth data from the U.S. Census Bureau. A metro area must see improvement in all three areas for at least six months following their respective troughs before being included on the improving markets list.
Full tables and information related to the Improving Markets Index will be available at www.nahb.org/IMI. To sign up to receive NAHB’s press releases on this and other topics, please go to www.nahb.org/erelease.
For in-depth analysis of the latest housing statistics and research from the federal government, NAHB and other sources, please visit NAHB’s Eye on Housing blog at http://eyeonhousing.wordpress.com/. You can also subscribe to the blog’s free RSS feed, which will automatically alert readers to every new posting.