Despite a an overall dip, NAHB’s 55+ Housing Market Index remains positive.
Two of the index’s components posted increases: Present sales increased one point to 64 and expected sales for the next six months rose three points to 67. Overall decline was brought by an 8 point drop to 40 in traffic of prospective buyers.
Multifamily condominiums continue to be the weakest segment of the market. In the first quarter of 2015, the 55+ HMI for multifamily condos dipped four points to 38. A reading over 50 means more builders view the market as good than poor.