Builder Confidence in 55+ Housing Market Increases in Second Quarter of 2020

The National Association of Home Builders (NAHB) is reporting that in their 55+ Housing Market Index (HMI) builder confidence in the single-family 55+ housing market jumped 27 points to a reading of 65 in the second quarter of 2020. The 55+ HMI measures two segments of the 55+ housing market: single-family homes and multifamily condominiums. Each segment of the 55+ HMI 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 (high, average or low for traffic). Both segments and their 3 components increased in the second quarter of 2020. An index reading over 50 indicates that more builders view market conditions as good rather than poor.