Posted in Industry News
55+ Housing Market is Seeing Increases in Builder Confidence
Builder’s confidence levels in the housing market are taken very seriously among industry professionals, and for good reason. When this group’s confidence levels go up, it is generally a pretty good sign that the housing industry is doing well or expected to do well. One particular market that is doing well currently is the 55+ market, which has once again seen an increase in builder confidence.
According to a recent report from the National Association of Home Builders (NAHB), the second quarter of 2014 saw gains on a year-over-year basis in the single-family 55+ housing market. Compared to Q2 2013, the NAHB’s Housing Market Index (HMI) for the 55+ market went up three points to 56, the highest reading ever in Q2 since the index was created in 2008 and the eleventh quarter in a row that’s seen year-over-year gains.
One thing adding to the continued increase in the new, single-family 55+ housing sector is the slow but steady rise in existing home sales over the last three months.
Read the full article from NAHB here.
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