Builder confidence grows in the market for 55+ single-family housing

Builders see no letup of demand in the 55+ single-family housing market. The National Association of Home Builders (NAHB) reports its 55+ Housing Market Index (HMI) jumped eight points in the final three months of 2016 to 67. That’s the highest reading since the inception of the index in 2008. An index number above 50 indicates that more builders view conditions as good than poor. “The significant increase in the index reading is attributed partly to a post-election boost,” said Dennis Cunningham, chairman of NAHB’s 55+ Housing Industry Council, “as many builders and developers are encouraged by President Trump’s commitment to cut burdensome regulations that negatively impact small businesses.”

READ MORE

Leave a Reply

Your email address will not be published. Required fields are marked *