The Housing Market Index (HMI) is data that represents homebuilders' confidence across the US. The national average was at a 12-year high in February at 72 points. Although the average fell to 68 in March following the increase in interest rates, in the West it remained high at 76 points.
The graph shows that although California’s homebuilders’ confidence was hit the hardest following the housing crash, hitting an all-time low in March '09, since about January 2012 the West’s confidence has been nearly always above average and vastly outperforming the Northeast. This goes to show that at this time it is “Best to Invest in the West”.