Dive Brief:
- Home builders are seeing solid traffic from retiring baby boomers who want single-family homes or apartments tailored to the tastes.
- However, the group is not as enthusiastic about condominiums, it appears.
- The National Association of Home Builders' latest survey, for the second quarter of this year, put the Housing Market Index for the 55+ single-family sector at 56, (an optimistic number,) the condo market at 38. The rental market was up for current and future production, although down some for current and future demand.
Dive Insight:
The basic standard for NAHB's indices is that over 50 means there are more optimists than pessimists among those surveyed, while a number under 50 means more people think business is sliding. The rental index does not have a composite number.