For the fifth consecutive month, more than 70% of metropolitan U.S. markets tracked by the National Assn. of Home Builders were rated as improving in June.
The number of regional housing markets that were rebounding rose by five, to 263, the association said Thursday. Forty-nine states and District of Columbia have local markets that are improving.
The association identifies such markets as ones that have shown upward movements in housing permits, employment and home prices for at least six months in a row. Twenty-nine new markets were added and 24 were dropped from the list.