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Poconos Custom Home Blog

Builder Confidence in the 55+ Housing Market Shows Significant Improvement in Second Quarter

Posted by Liberty Homes on Sep 17, 2013 2:26:39 AM

(NAHB, 2013) - Builder confidence in the 55+ housing market for single-family homes showed strong continued improvement in the second quarter of 2013 compared to the same period a year ago, according to the National Association of Home Builders’ (NAHB) latest 55+ Housing Market Index (HMI) released today. The index increased 24 points to a level of 53, which is the highest second-quarter number since the inception of the index in 2008 and the seventh consecutive quarter of year over year improvements.

“Builders and developers for the 55+ housing sector are feeling optimistic as they are seeing more consumers return to the marketplace,” said Robert Karen, chairman of NAHB’s 50+ Housing Council and managing member of the Symphony Development Group. “With existing home prices rising, consumers are able to sell their current homes and make the move toward either purchasing a home or renting an apartment that is designed to more specifically suit their lifestyle.”

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Topics: Liberty News, Chief economist, HMI, Single-family detached home, Real estate economics, National Association of Home Builders, Index (economics), aging in place

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