MLive: Home Builders say Kalamazoo market improving

Kalamazoo was one of nine Michigan cities listed on the Improving Markets Index from the National Association of Home Builders in December, reports MLive.To make the list, compiled by the NAHB and First American, a city has to have shown improvement in housing permits, employment and house prices for at least six consecutive months.

Kalamazoo’s housing permits hit a low in July 2010 and have improved 3 percent since then, according to the index. Home prices, which hit their low one year ago in December 2011, have climbed 5.7 percent over the past 12 months. Employment in the industry also has grown 1.8 percent over the past year.

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Source: MLive