The Housing Zone has reported that Vintage Oaks’ nearby San Antonio is one of 201 US metro areas showing signs of sustained growth in "permits, home prices, and employment." The number of improving markets was identified by the National Association of Home Builders/First American Improving Markets Index. For San Antonio to make the list, its market has to show growth for six consecutive months.
"This fourth consecutive month of expansion in the IMI, coupled with the fact that well over half of all metro areas are now represented on the list, is in keeping with the upward trends that we've been seeing all year in terms of housing starts and sales, builder confidence and other measures," NAHB Chief Economist David Crowe said.
Both the San Antonio housing market and job market have grown stronger in 2012, and those trends are expected to continue in 2013.
"In general, we expect the overall housing recovery to continue expanding in 2013. However, that is absent a major policy change of the kind that some policymakers have been discussing with regard to the mortgage interest deduction," Crowe said.
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See the full Improving Markets List of all 201 metros here.