Builder Confidence in the 55+ Housing Market Drops Significantly
Builder confidence in the single-family 55+ housing market dropped 30 points to 38 in the first quarter of 2020, according to the National Association of Home Builders' (NAHB) 55+ Housing Market Index (HMI). This is the lowest reading since the fourth quarter of 2012.
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).