Builder Confidence in 55+ Housing Market Drops in 4th Quarter of 2019

The National Association of Home Builders (NAHB) has reported that builder confidence in the single-family 55+ housing market dropped four points to a reading of 68 in the 4^th Quarter of 2019. The index remains well above the breakeven point of 50, indicating that more builders view conditions as good than poor. The NAHB also noted that the 4^th quarter index is also consistent with the measured upward trend the index has shown since 2013.