The National Association of Home Builders’ single-family 55+ Housing Market Index (HMI) is positive for the ninth consecutive quarter.
The single-family 55+ index increased one point to 57 in the second quarter; a score of 50 or higher indicates that more builders view conditions as good than poor.
The index is 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.
While conditions are good now, the time right after the recession was a disaster. The index was consistently lower than 20 from 2008 through Q4 in 2011.