The latest release of NAHB’s 55+ Housing Market Index (HMI) revealed that builder confidence was up again in the third quarter.
The index weighs the average of three components: present sales, expected sales, and traffic. “The single-family 55+ HMI jumped nine points from the third quarter of 2013 to 59, the highest third-quarter reading since the inception of the index in 2008,” the NAHB reports. On the multifamily side, the 55+ HMI posted a four-point gain to 41.
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