The National Association of Home Builders (NAHB)/First American Improving Markets Index (IMI) reports the number of U. S. housing markets experiencing sustained growth fell from 273 in April to 258 in May, representing all 50 states and the District of Columbia. The IMI measurement is based on areas that show gains in housing permits, employment and house prices for at least six consecutive months. MHProNews understands that while the housing picture is better than last year at this time, NAHB Chairman Rick Judson says, “Our industry’s progress on the road to recovery is being slowed by rising challenges related to the availability of credit, building materials, labor and lots for development.”

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