Currently Reading

Builder Confidence for 55+ Housing Hits Record High


Builder Confidence for 55+ Housing Hits Record High

October 30, 2020
Smiling senior couple with new keys
Photo: Prostock-studio

Builder confidence for the single-family 55 and up housing market hit a record high this past quarter. During the first quarter of 2020, builder confidence in this sector dramatically decreased to just below 40. Any number above 50 shows positive confidence. According to the National Association of Home Builders, confidence for this sector hit 83, up 18 points from the second quarter of 2020. The index questions home builders on current sales, prospective buyer traffic, and anticipated six-month sales to generate an overall confidence level. The index for the 55 plus housing market for multifamily condominiums also hit an all-time high.

A growing number of prospective homebuyers want to experience communities either virtually, by self-led appointments, or private appointments. Traffic remains strong, but the type of traffic is evolving through growing availability of digital options.

All three index components of the 55+ single-family HMI posted all-time highs in the third quarter: present sales increased 16 points to 88, expected sales for the next six months rose 20 points to 90 and traffic of prospective buyers jumped 23 points to 69.

The 55+ multifamily condo HMI increased 20 points to 67 in the third quarter (Figure 2). All three index components posted increases: present sales rose 20 points to 70, expected sales for the next six months increased 15 points to 67 and traffic of prospective buyers jumped 24 points to 63. The 55+ multifamily condo HMI, and its present sales and traffic of prospective buyers components reached all-time highs in the third quarter.


Read More

Related Stories


Local Data Lists Jobsites as Top Spot for COVID-19 Outbreaks

Construction jobsites have appeared to be much safer against COVID-19, but a multitude of reports and data are saying otherwise. Construction Dive…

Custom Home Design

Custom Home Building Activity Lags Behind Overall Market

While single-family home construction continues to boom, custom home building lags behind. The National Association of Home Builders reports that…


First All-Women Built Home Breaks Ground in Utah

There’s a project like no other being built in Saratoga Springs, Utah, where everything from engineering to plumbing is being done solely by women…


More in Category


Create an account

By creating an account, you agree to Pro Builder's terms of service and privacy policy.

Daily Feed Newsletter

Get Pro Builder in your inbox

Each day, Pro Builder's editors assemble the latest breaking industry news, hottest trends, and most relevant research, delivered to your inbox.

Save the stories you care about

Lorem ipsum dolor sit amet lorem ipsum dolor sit amet lorem ipsum dolor sit amet.

The bookmark icon allows you to save any story to your account to read it later
Tap it once to save, and tap it again to unsave

It looks like you’re using an ad-blocker!

Pro Builder is an advertisting supported site and we noticed you have ad-blocking enabled in your browser. There are two ways you can keep reading:

Disable your ad-blocker
Disable now
Subscribe to Pro Builder
Already a member? Sign in
Become a Member

Subscribe to Pro Builder for unlimited access

Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.