The Q1 2019 reading from the National Association of Home Builders single-family 55+ Housing Market Index hit 72, the highest reading since the index was created in 2008.
May 3, 2019
Photo: Jens Behrmann/Unsplash
In Q1, the National Association of Home Builders' single-family 55+ Housing Market Index hit 72, the highest index reading since its creation in 2008.
The index measures builder confidence in the 55+ market, and all three subcomponents of the single-family index were up in the first quarter. Present sales were up four points to 76, expected sales for the next six months grew seven points to 77, and prospective buyer traffic grew eight points to 61.
The 55+ HMI measures two segments of the 55+ housing market: single-family homes and multifamily condominiums. Each segment of the 55+ HMI measures builder sentiment based on a survey that asks if current sales, prospective buyer traffic and anticipated six-month sales for that market are good, fair or poor (high, average or low for traffic).
