On April 30, 2020, the National Association of Home Builders (NAHB) reported all single-family homes market 55+ Housing Market Index (HMI) down 30 points to 38 points in the 1st quarter of 2020, from 4th quarter of 2019.
The HMI component gouging current sales down 25 points to 48 points, the HMI buyer traffic index lower 33 points to 18 points, and HMI component charting future sales expectations fell 41 points to 34 points for the 55+ Housing in the 1st quarter of 2020.
The 55+ multifamily condo HMI dropped 29 points to 29 points, HMI component charting future sales expectations fell 34 points to 27 points, HMI gouging current sales declined 24 points to 36 points, HMI buyer traffic index decreased 39 points to 14 points for the 55+ Housing in the 1st quarter of 2020.
NAHB Chief Economist Robert Dietz, stated “While we expect to see some further impacts in the short-term, we do expect the housing market to stabilize later this year and help lead the economy back to more solid footing.”
For more complete information on National Association of Home Builder Confidence Index 1st quarter of 2020 for 55+ Housing Market Index, please click HERE