For the ninth consecutive quarter, builder confidence in the single family 55+ senior housing market has remained in positive territory, reports the National Association of Home Builders (NAHB) to MHProNews.
“Builders and developers for the 55+ housing sector continue to report steady demand,” said Jim Chapman, chairman of NAHB’s 55+ Housing Industry Council. “However, there are many places around the country facing labor and lot shortages, which are hindering production.”
One of the three indices for single-family housing marked a gain over the previous quarter: traffic of prospective buyers rose four points to 42; present sales remained at 61 while expected sales for the next six months fell by two points.
“Much like the overall housing market, this quarter’s 55+ HMI results show that this segment continues its gradual, steady recovery,” said NAHB Chief Economist Robert Dietz. ##
Article submitted by Matthew J Silver to Daily Business News-MHProNews.