55+ Housing Market Index Drops From Previous High Mark

In the first quarter, the NAHB 55+ Housing Market Index had a score of 55. The Index fell from a score of 67 the previous quarter, an all-time high.

Despite the drop, builders remain optimistic. An index above 50 indicates that more builders view conditions as good instead of poor.

All three components of the single-family 55+ HMI posted decreases from the previous quarter: present sales dropped 12 points to 62, expected sales for the next six months decreased seven points to 68 and traffic of prospective buyers fell 15 points to 34.

Read more