The National Association of Home Builders (NAHB) tells MHProNews that builder confidence in the single-family 55+ housing market remains strong in Q1 2015 despite the index edging down one point to 58 from the previous quarter. This marks the fourth consecutive quarter the Housing Market Index (HMI) has been above 50. Any number above 50 indicates builders feel positive towards this segment of the market.
Two of the three components of the 55+ single-family HMI marked increases from the fourth quarter of 2014: current sales rose one point to 64, expected sales for the coming six months increased three points to 67, while the flow of prospective buyers dropped eight points to 40.
Timothy McCarthy, chairman of NAHB’s 50+ Housing Council, said, “Builders in many parts of the country were affected by a particularly severe winter, but builders and developers in the 55+ sector continue to be positive as we move forward in 2015.” He says builders in the 55+ market remain bullish for the remainder of the year. ##
(Image credit: masterfile–smiling senior)
Article submitted by Matthew J. Silver to Daily Business News-MHProNews.