As consumeraffairsreports, all three components of the 55+ single-family index notched increases from the previous quarter: current sales rose three points to 65, anticipated sales for the next six months edged up one point to 67, and the number for prospective buyers moved up three points to 46.
The four indices that track production and demand of 55+ multi-family rentals marked gains in the third quarter: Current production rose nine points to 55, projected future production and present demand for existing units gained sharply 11 points to 60 and 70, respectively, and future demand gained five points to 68.
NAHB Chief Economist David Crowe said: “Like the overall housing market, we continue to see steady, positive growth in the 55+ market. With the economy and job growth continuing to improve gradually, many consumers are now able to sell their current homes at a suitable price, enabling them to buy or rent in a 55+ community.”
With 10,000 people turning 65 every day in the U. S., the demand for senior housing will surely rise, presenting the opportunity for 55+ manufactured home communities to also develop. ##
(Image credit: fotosearch)
