As the economy began to right itself after the Great Recession, the NAHB/First American Improving Markets Index (IMI) tracked housing markets throughout the country showing signs of improving health by measuring three sets of independent monthly data--employment growth (Census), house price growth (Freddie Mac) and single-family housing growth (Census) to identify the top improving markets. The IMI has been replaced with the NAHB/First American Leading Markets Index, measuring individual markets’ proximity to normal using the same three metrics but comparing them to the last period of normal market levels.
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