Five Idaho Cities Show Signs of Improving Economic Health

The National Association of Home Builders (NAHB)/First American Improving Markets Index (IMI) report this week showed that 274 of the 361 metropolitan statistical areas across the United States were showing signs of improving economic health. The IMI measurements are based on employment data from the Bureau of Labor Statistics, single-family housing permits data from the U.S. Census Bureau, and Freddie Mac’s house appreciation data. All metro areas included in the index must show statistical improvements “in all three measures for at least six consecutive months following those measures’ respective troughs before being included on the improving markets list.”

Five cities in Idaho were included on the IMI report, including Boise, Coeur d’Alene, Idaho Falls, Lewiston, and Pocatello. All five metros showed growth in single-family permits, home prices, and employment. The following data shows the percentage of growth in all three measurements in relation to their respective trough dates:

Metro

Permits Trough Date

Growth From Trough

Prices Trough Date

Growth From Trough

Employment Trough Date

Growth From Trough

 Boise City, ID

03/31/09

4.88%

04/30/11

21.77%

09/30/09

6.66%

 Coeur d’Alene, ID

05/31/11

4.79%

01/31/12

4.77%

12/31/09

0.95%

 Idaho Falls, ID

02/28/09

4.27%

01/31/12

5.04%

06/30/09

3.31%

 Lewiston, ID

08/31/11

2.13%

12/31/11

2.09%

04/30/12

1.56%

 Pocatello, ID

12/31/11

10.94%

11/30/11

1.88%

01/31/10

2.27%

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