Homebuilders: We’re all good

The National Association of Home Builders has decided to stop publishing its monthly Improving Markets Index — the September edition (released a week ago) will be the last.

In that, the country showed a record high 291 "improving" metropolitan areas, although the NAHB admitted that, “The dramatic increase in markets qualifying for the IMI in September was partly due to a recent improvement in the way that Freddie Mac measures home prices, which resulted in stronger gains than previously reported.”

Regardless, the NAHB said it was "phasing out" the index — by which it means "not publishing any more." Not wanting to give up on the news cycle, though, the NAHB will be releasing a different index instead, but declined to give details.

About Andrew Kantor

Andrew is VAR's editor and information manager, and -- lessee now -- a former reporter for the Roanoke Times, former technology columnist for USA Today, and a former magazine editor for a bunch of places. He hails from New York with stops in Connecticut, New Jersey, Cincinnati, Columbus, and Roanoke.
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