RISMedia
Home builder confidence in the single-family 55-plus housing market took a dive in the first part of the year, according to the National Association of Home Builders’ (NAHB) recently released 55+ Housing Market Index (HMI). The Index reading for the first quarter of 2017 was 55—down from 67, a post-recession high, in the fourth quarter of 2016. An above-50 reading indicates more builders have a positive outlook than a negative one.
“Although builder sentiment in the 55-plus housing sector is down from the previous quarter, overall confidence is still in positive territory and builders remain optimistic about the market,” said Dennis Cunningham, chairman of the NAHB’s 55+ Housing Industry Council, in a statement.
