Short List

Rosy Retirement

Homebuilder confidence in the market for homes aimed at buyers over the age of 55 rose in the second quarter, as the index that tracks it posted its highest second-quarter reading since the inception of the study in 2008, according to the National Association of Home Builders (NAHB). It also marks the 11th consecutive quarter of year-over-year improvements.

“One of the factors contributing to the positive signs in the 55+ housing market is the slow but steady increase in existing home sales in the last three months,” says NAHB Chief Economist David Crowe. “The 55+ market is strongly driven by consumers being able to sell their existing homes at a favorable price in order to buy or rent in a 55+ community.”