Builder Confidence Up in the 55 and Over Market

According to the newly released National Association of Home Builders’ (NAHB) 55+ Housing Market Index (HMI), industry confidence in the single-family 55-and-over market for this year’s April-through-June period is up on an annual basis. Compared to the second quarter of 2013, the HMI rose three points to a level of 56 — the highest second-quarter reading since the index’s inception six years ago and the 11th quarter of year-over-year improvements in a row. Steve Bomberger, chairman of NAHB’s 50+ Housing Council, notes that there are two separate 55+ HMIs for segments of the 55+ housing market: single-family homes and condominiums. Each 55+ HMI measures builder sentiment based on a poll that asks if three factors — current sales, prospective buyer traffic, and projected sales over the next six months — are good, fair, or poor. Any HMI number under 50 indicates that more builders view conditions as “poor” rather than “good.” | Read More