NAHB - Builder confidence in the single-family 55+ housing market remained high in the fourth quarter, inching down one point from an all-time high to 82, according to the National Association of Home Builders’ (NAHB) 55+ Housing Market Index (HMI) released today.
There are two 55+ HMIs measuring distinct segments of the 55+ housing market: single-family homes and multifamily condominiums. Each 55+ HMI measures builder sentiment based on a survey that asks if current sales, prospective buyer traffic and anticipated six-month sales for that market are good, fair or poor (high, average or low for traffic).
"Builders continue to report a strong market for the 55+ housing segment,” said Harry Miller III, chairman of NAHB’s 55+ Housing Industry Council and president of Regal Builders LLC in Dover, Del. “However, in some parts of the country we are seeing some lost interest in multifamily communities due to COVID-19 concerns.”
Two of the three index components of the 55+ single-family HMI decreased in the fourth quarter: present sales dropped one point to 87, expected sales for the next six months fell seven points to 83 and traffic of prospective buyers remained unchanged at 69.
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For the full 55+ HMI tables, please visit nahb.org/55hmi.