- The National Association of Home Builders says its Housing Market Index of builder confidence in the market for single-family homes intended for buyers who are 55 or older was up by more than 100% from a year ago. Surveys about multifamily condos were trending up slightly, and rentals were holding steady.
- The confidence index went from 13 last year to 29 now, the organization said. It uses a median of 50 in the index to indicate whether more builders think conditions are poor (below 50) or good (above 50).
- In its builder-confidence surveys, NAHB asks if current sales, prospective buyer traffic and anticipated six-month sales for a market are good, fair or poor (high, average or low for traffic).
From the article:
Builder confidence in the 55+ housing market for single-family homes showed improvement in the second quarter of 2012 compared to the same period a year ago, according to the National Association of Home Builders’ (NAHB) latest 55+ Housing Market Index (HMI) released today. ...