The NAHB released the Housing Market Index that it compiled in tandem with Wells Fargo on Tuesday. The report shows the Home Price Index reaching its highest point since March 2007.
The key housing market index gained six points in July, increasing to 35. This is the largest one-month gain recorded by the index in nearly a decade, and brings the HMI to its highest point since March of 2007.
The index evaluates builders' perception of strength when it comes to single-family home sales in the United States.
Homebuilder Confidence Posts Largest 1-Month Jump in a Decade
The city that never sleeps is known across the globe for its nightlife and nearly limitless entertainment options. The Big Apple is also home to some of the world’s most famous restaurants, Broadway’s bright lights and accessible public transportation.
A perfect place to leave one’s heart, San Francisco is famous for its Golden Gate, the infamy of Alcatraz, dedicated sports fans and delicious sourdough. Its streets are filled with historic trolleys that ascend its storied hills. It is also the birthplace of Coldwell Banker Real Estate, which was established there in 1906.
From the hot dining scene to art museums and gorgeous river views, residents of the Windy City have plenty to keep busy. Chicago is home to a lively theatre scene, two Major League baseball teams and top universities. Residents travel easily between events along the city's subways and elevated rail line, the “L.”
Home to Hollywood, Los Angeles is the center of the entertainment industry. In addition to the Walk of Fame and Hollywood Bowl, The City of Angels is also known for its music scene, clubs and restaurants. The Pacific Coast Highway is an easy escape for residents who want to get out of the city and enjoy gorgeous ocean views.
Home of the Space Needle, Seattle is the largest city in the Pacific Northwest, and serves as a beacon for the performing arts in the region. In spite of the occasional rainstorm, residents also take advantage of the city’s mild climate to enjoy outdoor entertainment activities, like strolling Pike Place Market or sipping some of the city’s well-known coffee.
Just outside the city of Boston, Brookline maintains a unique identity with a mixture of urban and suburban lifestyles. Residents enjoy pedestrian-oriented shopping with a variety of boutique shops, taverns and cafes in mix of new and historic architecture.
Situated on the coast in Southern California, the beach is a central part of life in San Diego. When the sun goes down, residents keep busy sampling delicious food, music and shopping in the historic Gaslamp Quarter.
From Old Town to the Pearl District, residents in Portland walk, bike or take the light rail through this scenic city in the Pacific Northwest. With Mount Hood in the background, they enjoy food carts, cheer on the NBA’s Trailblazers and visit one of the many microbreweries, while staying close to great parks and outdoor adventures.
Located in Silicon Valley, Mountain View is home to high technology companies and the Computer History Museum. Shoreline Park offers and escape to nature for relaxing or water sports and Castro Street is the place to see live music, sample wine and browse specialty shops.