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Jacksonville Joins Improving Housing Market List

January 11th, 2012 · Leave a Comment

We are happy to share good news about Jacksonville via the Northeast Florida Builders Association.

Jacksonville appears on the National Association of Home Builders’ (NAHB) list of improving housing markets.

The list now contains 76 improving markets, up from 41 in December, according to NAHB’s and First American’s Improving Markets Index, a monthly gauge that measures a city’s improvements in housing permits, employment, and housing prices for at least six months.

According to NAHB, Jacksonville is considered to be one of 76 cities showing signs of a rebound with their real estate market. The research is based on employment growth from the Bureau of Labor Statistics, house price appreciation from Freddie Mac, and single-family housing permit growth from the U.S. Census Bureau.

For more on the full report, click here.  This is a great way to kick off 2012!

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