Builder Confidence in Senior Housing Rose in Third Quarter

Washington, DC, November 9, 2015—Builder confidence in the single-family 55+ housing market remains strong in the third quarter of 2015 with a reading of 60, up three points from the previous quarter, according to the National Association of Home Builders’ (NAHB) 55+ Housing Market Index (HMI). This is the sixth consecutive quarter with a reading above 50.

“Builders have a positive outlook on the 55+ housing market,” said Timothy McCarthy, chairman of NAHB’s 55+ Housing Industry Council and managing partner of Traditions of America in Radnor, Pennsylvania. “In fact, the markets for single-family, apartments and condos are all doing quite well, and we expect that trend to continue.”

All three components of the 55+ single-family HMI posted increases from the previous quarter: present sales increased three points to 65, expected sales for the next six months rose one point to 67 and traffic of prospective buyers increased three points to 46.