The number of U.S. housing markets showing consistent improvement in three key measures of strength expanded by 22 in November to a total of 125, according to the National Association of Home Builders/First American Improving Markets Index (IMI), released today. The index identifies metropolitan areas that have improved since their low point during the recession.

It’s the index’s third consecutive monthly gain, but the year-to-year improvement shows the most positive trend. In November 2011, only 30 markets had seen six months of improvement. That number increased over 400 percent in one year.

From October to November, 22 new cities were added to the list, while six markets dropped off the list.

In Florida, only Orlando dropped off the monthly index.

“The solid increase in the number of improving housing markets this month illustrates the degree to which the housing recovery has gained momentum since we initiated the IMI last year,” says NAHB Chief Economist David Crowe. “Compared to the 30 markets that made the list as of November 2011, we now have 125, which is about one-third of all the markets surveyed for this index.”

Florida markets on the November IMI include:
Ft. Myers/Cape Coral: 14.5% price increase since trough
Crestview: 3.3%
Deltona: 9.7%
Miami: 8.9%
Naples: 6.8%
North Port: 1.5%
Ocala: 17.1%
Palm Bay: 10.2%
Pensacola: 4.1%
Punta Gorda: 9.0%
Sebastian: 21.6%
Tampa: 7.6%