On July 30, 2020, the National Association of Home Builders (NAHB) reported all single-family homes market 55+ Housing Market Index (HMI) rose 27 points to 65 points in the 2nd quarter of 2020, from 2nd quarter of 2020.
The HMI component current sales higher 24 points to 72 points, the HMI buyer traffic index gained 28 points to 46 points, and HMI component charting future sales expectations jumped 36 points to 70 points for the 55+ Housing in the 2nd quarter of 2020.
The 55+ multifamily condo HMI up 18 points to 47 points, HMI component charting future sales expectations increased 25 points to 52 points, HMI current sales grew 14 points to 50 points, HMI buyer traffic index soar 25 points to 39 points for the 55+ Housing in the 2nd quarter of 2020.
“Like the broader housing market, we are seeing the 55+ housing market return to pre-pandemic levels,” said NAHB Chief Economist Robert Dietz. “However, challenges such as rising lumber costs and availability of skilled labor will limit a more robust recovery.”
For more complete information on National Association of Home Builder Confidence Index 2nd quarter of 2020 for 55+ Housing Market Index, please click HERE