This is a syndicated repost courtesy of Confounded Interest – Online Course Notes For Financial Markets. To view original, click here.
The National Association of Home Builders (NAHB) deserves ‘The Mr. Obvious Award’ for its finding that builder confidence increased for the 55 year old and older market in Q3.
Builder confidence in the single-family 55 housing market remains strong in the third quarter of 2015 with a reading of 60, up three points from the previous quarter, according to the National Association of Home Builders’ (NAHB) 55 Housing Market Index (HMI) released today. This is the sixth consecutive quarter with a reading above 50.
‘Builders have a positive outlook on the 55 housing market,’ said Timothy McCarthy, chairman of NAHB’s 55 Housing Industry Council and managing partner of Traditions of America in Radnor, Pa. ‘In fact, the markets for single-family, apartments and condos are all doing quite well, and we expect that trend to continue.’
This post was published at Wall Street Examiner by Anthony B. Sanders ‘ November 8, 2015.