The National Association of Home Builders (NAHB) informs MHProNews that builder confidence in NAHB’s 55+ Housing Market Index dropped five points from the previous quarter, but remains at 56, where any reading above 50 indicates builders feel more positive than negative about the next six months. It also marks the eighth consecutive quarter of builder confidence being in positive territory.

There are two indices for the two segments of the 55+ housing market, single family homes and multifamily condos. Each survey measures current sales, prospective buyer traffic and anticipated sales for the next six months.

As mpamag reports, two of the three 55+ single-family measurements fell in Q1 2016: current sales fell four points to 61; prospective buyer traffic plummeted from 52 down to 38; but anticipated sales for the coming six months rose eight points to 71, the highest reading since the index began in the darkening days of 2008.

Meanwhile, although the 55+ multifamily condo rose six points, it remains in negative territory at 48.

As MHProNews understands, the 55+ market represents a huge potential for manufactured homes as Baby Boomers age, 30 percent of whom do not have sufficient assets to maintain their current lifestyles, according to one study. ##

(Photo credit: masterfile)

Article submitted by Matthew J. Silver to Daily Business News-MHProNews.