On August 02, 2018, the National Association of Home Builders (NAHB) reported all single-family homes, condominiums and multifamily 55+ Housing Market Index (HMI) increased one point to 67 points in the 2nd quarter of 2018, from 1st quarter of 2018.
The HMI component gauging current sales gained three points to 73 points, the HMI buyer traffic index declined four points to 47 points, and HMI component charting future sales expectations decreased three points to 77 points for the 55+ Housing in the 2nd quarter of 2018.
The 55+ multifamily condo HMI fell seven points to 57 points, HMI component charting future sales expectations down seven points to 63 points, HMI gouging current sales were lower six points to 61 points, HMI buyer traffic index dropped eleven points to 44 points for the 55+ Housing in the 2nd quarter of 2018.
NAHB Chief Economist Robert Dietz, stated “However, builders need to manage rising building material costs, especially for lumber, in order to continue providing housing at competitive prices."
For more complete information on National Association of Home Builders 2nd quarter of 2018 for 55+ Housing Market Index, please click HERE
Comments(7)