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Builder Sentiment Rises for Senior Housing Market

Builder confidence in the 55+ housing market for single-family homes rose to its highest second quarter level since the National Association of Home Builders (NAHB) began keeping track in 2008. Marking the seventh quarter of year-over-year improvements, the Housing Market Index rose 24 points to 53, as MHProNews has learned. The index measures builders sentiment concerning current sales, prospective buyer traffic and anticipated sales for the next six months, in which any number over 50 means builders see the market as good rather than poor. “The 55+ HMI for single-family homes almost doubled from a year ago,” said NAHB Chief Economist David Crowe. “Sentiment in other segments of the 55+ market housing was strong as well. The main challenge for builders in many parts of the country is finding enough buildable lots in desirable locations and workers with the necessary skill set to respond to the increased demand.”

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