On August 1, 2019, the National Association of Home Builders (NAHB) reported all single-family homes, condominiums and multifamily 55+ Housing Market Index (HMI) decreased one point to 71 points in the 2nd quarter of 2019, from 1st quarter of 2019.
The HMI component gaging current sales unchanged at 76 points, the HMI buyer traffic index gained four points to 56 points, and HMI component charting future sales expectations up one point to 78 points for the 55+ Housing in the 4th quarter of 2018.
The 55+ multifamily condo HMI increased two point3 to 59 points, HMI component charting future sales expectations rose three points to 65 points, HMI gaging current sales were higher three points to 61 points, HMI buyer traffic index fell two points to 50 points for the 55+ Housing in the 4th quarter of 2018.
NAHB Chief Economist Robert Dietz, stated “Builder sentiment for the for-sale 55+ housing market also remains in positive territory, supported by low inventory of existing homes. However, it is being constrained by development costs and their impact on affordability.”
For more complete information on National Association of Home Builders 2nd quarter of 2019 for 55+ Housing Market Index, please HERE