Builder Confidence in 55+ Housing Market Positive in Q1

Washington, DC, May 4, 2017-Despite a 12-point drop from the previous quarter, builder confidence in the single-family 55+ housing market remains in positive territory for the first quarter of 2017 with a reading of 55, according to the National Association of Home Builders' (NAHB) 55+ Housing Market Index (HMI).

This is the 12th consecutive quarter with a reading above 50, which means that more builders view conditions as good than poor.

“Although builder sentiment in the 55+ housing sector is down from the previous quarter, overall confidence is still in positive territory and builders remain optimistic about the market,” said Dennis Cunningham, chairman of NAHB's 55+ Housing Industry Council and president of ActiveWest Builders in Coeur d’Alene, Idaho.