Developers, Builders of 55+ Housing Segment Remain Confident in U.S.

According to the National Association of Home Builders (NAHB) 55+ Housing Market Index (HMI) which was released this week show that U.S. builder confidence in the single-family 55+ housing market continued to be positive in the third quarter of 2017.

While the index measuring builder confidence in the single-family 55+ market dropped from a reading of 66 in the second quarter to 59 this quarter, it’s the 14th quarter in a row in which the reading was above 50, the break-even point at which more respondents see conditions as good than poor.

“The effects of destructive hurricanes and a series of wildfires earlier this fall are likely reflected in this quarter’s survey, which was conducted at the end of September,” said Dennis Cunningham, chairman of NAHB’s 55+ Housing Industry Council and president of ActiveWest Builders in Coeur d’Alene, Idaho.

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