The 2012 National Association of Home Builders (NAHB) International Builders’ Show (IBS), though downsized considerably from the glory days of new home construction, can still make a local home and garden spring show look like really small potatoes.

America’s economy will continue its recovery this year and next as it adds nearly 5 million jobs and unemployment falls below 8 percent, according to University of Michigan economists.

According to the latest outlook from the National Association for Business Economics (NABE), economists are predicting moderate growth, a brightening employment picture, and an increase in housing starts in 2012.

The list of housing markets showing measurable improvement expanded by 29 metro areas in February to include a total of 98 entries on the National Association of Home Builders (NAHB)/First American Improving Markets Index (IMI). Thirty-six states are now represented by at least one metropolitan market on the list.

Having just returned from the International Builder’s Show in Orlando, I have to remark that the show has downsized itself quite noticeably. Though what might be called the world’s largest home and garden show is less than its gargantuan self of years past, it is still an awesome event.

The second edition of the National Association of Home Builders (NAHB)/First American Improving Markets Index (IMI) shows 23 individual housing markets now qualifying as “improving” under the new index’s parameters. This is nearly double the 12 housing markets listed last month.

The National Association of Home Builders (NAHB) has released its first NAHB/First American Improving Markets Index (IMI), a new economic index revealing metropolitan areas that have shown improvement for at least six months in three key economic areas.

Housing starts declined 4.3 percent to a seasonally adjusted annual rate of 529,000 units in the final month of 2010, according to figures released by the U.S. Department of Commerce. However, the year-end data indicate that production of new homes improved 6.1 percent in 2010 over 2009. On another positive note, permit issuance for construction of new homes and apartments rose 16.7 percent in December.