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Senior Housing Market Looking Up

The National Association of Home Builders (NAHB) informs MHProNews builder confidence in the 55+ housing market for single-family homes grew by ten points in the fourth quarter 2012 versus the same period the year previous. NAHB’s Housing Market Index (HMI) measures builder sentiment based on current sales, prospective buyer traffic, and anticipated sales for six months. Although the indices are all below 50, which is the divide between a good and a poor market, all three components improved from a year ago. NAHB Chief Economist David Crowe says, “Like the overall housing market, the 55+ segment of the market is undergoing a slow but steady recovery. While problems with tight credit conditions for buyers and obtaining accurate appraisals are still lingering, new problems like spot shortages and rising costs for labor, materials and lots are beginning to emerge.”

(Photo credit: masterfile)

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