Sep 16, 2013
Homebuilders: We’re all good
16 Sep 2013
Posted by Andrew Kantor
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.