Home Builders Confidence Grows in 55-Plus Market
WASHINGTON -- Second-quarter builder confidence in the single-family 55-plus housing market hit 56, three points ahead of the same quarter in 2013.
This reading of 56 is the highest since the 55-Plus Housing Market Index began in 2008 and is the 11th consecutive quarter of year-over-year higher readings, says the National Association of Home Builders.
“We have seen steady improvement in the 55-plus housing sector as buyers and renters are attracted to new homes that offer many of the luxuries and conveniences they desire,” said Steve Bomberger, chairman of the association’s 50+ Housing Council and president of Benchmark Builders Inc. in Wilmington, Del.
The association has indexes for two segments of the 55-plus housing market: single-family houses and multifamily condominiums. Both segments measure builder sentiment based on a survey that asks contractors whether current sales, prospective buyer traffic and anticipated six-month sales are good, fair or poor (high, average or low for traffic). A number below 50 indicates that more builders view conditions as poor than good.
Published by The Business Journal, Youngstown, Ohio.
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