Builders More Confident in Senior Housing Market

Washington, DC, Nov. 7, 2014 -- Builder confidence in the 55+ housing market was up again in the third quarter, according to the latest release of NAHB’s 55+ Housing Market Index.

The single-family index jumped nine points from the third quarter of 2013, to 59—the highest third-quarter reading since the inception of the index in 2008 and the 12th consecutive quarter of year-over-year improvements.

All three components posted year-over-year increases: present sales jumped 13 points to 65, expected sales for the next six months climbed 10 points to 63 and traffic of prospective buyers rose three points to 46.

Meanwhile, the index for multifamily condos posted a four-point gain to 41, which is also the highest third-quarter reading since the inception of the index. Again, all components were up year-over-year: present sales rose five points to 42, expected sales for the next six months climbed three points to 43 and traffic of prospective buyers increased three points to 38.

The 55+HMIs are based on a survey of NAHB members active in the 55+ segment of the industry.