Bright future seen in 55+ housing market

While demand continues to be strong in the single-family 55+ housing market, production isn’t as robust as it could be. According to the National Association of Home Builders’ (NAHB) 55+ Housing Market Index (HMI), builder confidence in the market was up a point to57 in the second quarter. That’s the ninth consecutive quarter with a reading above 50. An index number above 50 indicates that more builders view conditions as good than poor. “Builders and developers for the 55+ housing sector continue to report steady demand,” said Jim Chapman, chairman of NAHB’s 55+ Housing Industry Council. “However, there are many places around the country facing labor and lot shortages, which are hindering production.”

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