NAHB members in the 55+ housing market are significantly more optimistic about production and demand for multifamily rental units than they are for sales of single-family homes or multifamily condos, according to results of NAHB’s latest 55+ Housing Market Index (55+ HMI) survey.
All of the components measuring production and demand for 55+ multifamily rental units increased significantly quarter over quarter. In comparison, the 55+ HMIs for single-family units and multifamily condos were largely unchanged with small increases from 12 to 13 and from 7 to 8, respectively. These are fairly low numbers, as the 55+ HMIs are on a scale of 0 to 100, where a number below 50 indicates that more NAHB members report conditions in the 55+ market as poor than good.
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