17 Nov 55+ Housing Market Soaring High Again
According to the latest release of NAHB’s 55+ Housing Market Index, builder confidence in the 55+ housing market was up again in the third quarter. Eye On Housing excitedly reports that the single-family 55+HMI jumped nine points from the third quarter of 2013, to 59—the highest third-quarter reading since the inception of the index in 2008. All three components – present sales, expected sales and traffic – showed increases.
The 55+HMI for multifamily condos posted a four-point gain to 41, which is also the highest third-quarter reading since the inception of the index. All three components also showed rise in this category.
The slow but steady rise in home equity has been a major contributing factor in both the continued strength and builders’ confidence n the 55+ housing market.
To read the complete history of every 55+HMI component, visit http://www.nahb.org/55hmi.
Is the 55+ housing market become strong again in your metro area? Share by commenting below!
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