The 55+ single-family housing market index, or 55+HMI, fell by five points to 66 over the course of the first quarter of 2018 on a seasonally-adjusted basis. This drop follows an all-time index high of 71, which was set in the fourth quarter of 2017.
Among the components of the single-family 55+ HMI, present sales fell by nine points to 70. Expected sales for the next six months rose by seven points to 80, and traffic of prospective buyers remained unchanged at 51.
The 55+ HMI for multifamily condominiums rose by 10 points to 64, an all-time high for the index, which began in 2008. Present sales rose by eight points to 67, expected sales rose by 10 points to 70, and traffic of prospective buyers rose 15 points to 55.
Each 55+ HMI measures builder sentiment 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 (high, average or low for traffic).Read More