Home Builder Confidence in Boomer Market Leaps Forward

Home builder confidence in the single-family 55-plus housing market took a leap forward in the second quarter of 2017, according to the National Association of Home Builders’ (NAHB) recently released 55+ Housing Market Index (HMI). The Index reading for the second quarter was 66, up a solid 11 points from the first quarter. An above-50 reading indicates more builders have a positive outlook than a negative one. “Demand for 55-plus housing continues to grow, and this quarter’s Index is a reflection of that,” said Dennis Cunningham, chairman of NAHB’s 55+ Housing Industry Council, in a statement. “Consumers in this market want a home that addresses their specific needs, and 55-plus builders and developers are able to create homes and communities that cater to these needs.”

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Source: RISMedia

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