Builder Confidence in 55+ Housing Fell 7 Points in Q3

Washington, DC, November 2, 2018-Builder confidence in the single-family 55+ housing market dropped seven points to 60 in the third quarter, according to the National Association of Home Builders’ (NAHB) 55+ Housing Market Index (HMI). 

Although the index declined, it is still in positive territory as a reading above 50 means that more builders view conditions as good than poor.

When compared to the previous quarter, all three single-family components of the 55+ HMI saw a decline: present sales dropped seven points to 66, sales expected in the next six months fell 12 points to 65 and traffic of prospective buyers dipped four points to 43.