Builder Confidence for the 55+ Housing Market Ends on Upswing

March 15, 2012  
Filed under Aging Parents

Builder confidence in the 55+ housing market for single-family homes rose four points to 18 compared to the same period a year ago, according to the latest National Association of Home Builders’ (NAHB) 55+ Housing Market Index (HMI) released in February.

“We are seeing increased optimism from builders in the 55+ housing segment,” said NAHB Chairman Bob Nielsen, a home builder from Reno, Nev.

The 55+ single-family HMI measures builder sentiment based on current sales, prospective buyer traffic and anticipated six-month sales for that market. A number greater than 50 indicates that more builders view conditions as good than poor. All index components increased from a year ago: present sales rose four points to 17, expected sales for the next six months increased two points to 26 and traffic of prospective buyers rose five points to 15.

“As with the overall single-family housing market, we are seeing gradual, but steady, improvement in the 55+ market segment,” said NAHB Chief Economist David Crowe. “A level of 18 in the 55+ HMI is the highest fourth quarter reading since inception of the index in 2008. As with the overall multifamily rental housing sector, the 55+ rental market is showing continued strength.”

 

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