The National Association of Home Builders (NAHB) 55+ Housing Market Index (HMI) indicates builder confidence in the 55+ single-family housing market rose three points to 56, the highest second-quarter reading since the beginning of the index in 2008. Builder sentiment is measured by current sales, prospective buyer traffic and anticipated six-month sales as good, fair or poor, with any index number above 50 indicating builders see the market as good, as MHProNews has learned. David Crowe, NAHB Chief Economist, says, “One of the factors contributing to the positive signs in the 55+ housing market is the slow but steady increase in existing home sales in the last three months. The 55+ market is strongly driven by consumers being able to sell their existing homes at a favorable price in order to buy or rent in a 55+ community.” ##
