Construction

Builder Confidence in 55-Plus Market Dips, But Still High

Builder confidence in the single-family 55-plus housing market remained in positive territory for the first quarter of 2016, according to the National Association of Home Builders.

Research by staff May 6, 2016

Home construction qbmkta

Image: Pixabay

Builder confidence in the single-family 55-plus housing market remained in positive territory for the first quarter of 2016, according to the National Association of Home Builders. The organization's most recent 55+ Housing Market Index, released last week, showed a reading of 56, a five-point dip from the previous quarter, but it is still the eighth consecutive quarter with a reading above 50. Each 55+ Housing Market Index measures builder sentiment based on a survey that asks if current sales, prospective buyer traffic and anticipated six-month sales for that market are good, fair or poor.

Share
Show Comments