Builders confident in 55+ housing market – NAHB

Homebuyers aged 55 and older are feeling more confident in the housing market, according to the latest National Association of Home Builders’ (NAHB) 55+ Housing Market Index (HMI) report of second quarter data.

“We have seen steady improvement in the 55+ 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 NAHB’s 50+ Housing Council and president of Benchmark Builders Inc., in a news release. “55 [plus] buyers are very selective and have high expectations, and new construction can meet their needs and discerning tastes.”

“One of the factors contributing to the positive signs in the 55+ housing market is the slow but steady increase in existing home sales in the last three months,” says NAHB Chief Economist David Crowe. “The 55+ market is strongly driven by consumers being able to sell their existing homes at a favorable price in order to buy or rent in a 55+ community.”

index

Courtesy of Diana Dietz, e-PRO

 

Speak Your Mind

*