By Carmel Ford | National Association of Home Builders
The single-family 55+ Housing Market Index (55+ HMI) jumped eight points to 67 in the fourth quarter of 2016, according to the National Association of Home Builders (NAHB). This is the highest reading since the inception of the index in 2008.
The NAHB produces two 55+ HMIs: one for the single-family market and another for multifamily condominiums. Each index is based on a survey asking builders about present sales, expected sales for the next six months, and prospective buyer traffic. A reading at or above 50 indicates that more builders view conditions as good than poor.
