On May 3, 2018, the National Association of Home Builder (NAHB) reported all single family 55+ Housing Market Index (HMI) declined five points to 66 points in the 1st quarter of 2018 from 71 points in the 4th quarter of 2017.
The 55+ Housing Market Index present sales dropped nine points to 70 points, expected future sales for the next six months jumped seven points 80 points, and traffic of prospective buyers unchanged at 51 points in the 1st quarter of 2018 from 71 points in the 4th quarter of 2017.
NAHB Chief Economist Robert Dietz. “However, market conditions overall remain favorable, and we expect gradual continued growth in the 55+ housing sector.”
For complete more detailed information about Builder Confidence 55+ Housing Market Index for 1st quarter of 2018, please click HERE
Comments(4)