By Dees Stribling | MHN Online
Builder confidence in the seniors housing market was up again in the third quarter, according to the latest survey by the National Association of Home Builders, which was released on Thursday. NAHB’s 55+ Housing Market Index tracking single-family homebuilders’ confidence jumped nine points from the third quarter of 2013, to 59, which is the highest Q3 reading since the index was created in 2008. That’s also the 12th consecutive quarter of year-over-year improvements.
All three components of the single-family index posted year-over-year increases. Present sales jumped 13 points to 65; expected sales for the next six months climbed 10 points to 63; and traffic of prospective buyers rose three points to 46.
Meanwhile, the 55+ index for condos posted a four-point gain to 41, which is also the highest Q3 reading since the inception of the index. Again, all components were up year-over-year: present sales rose five points to 42; expected sales for the next six months climbed three points to 43; and traffic of prospective buyers increased three points to 38.
