Published by Jennifer Taylor
Posted on June 12, 2014
The 55+ housing market continues to rise with increased demand for multifamily, single-family and condo units in this bracket. According to the National Association of Home Builders’ (NAHB) latest 55+ Housing Market Index (HMI), numbers continue to trend upward showing strong gains for active adult communities.
Steve Bomberger, chairman of NAHB’s 50+ Housing Council and president of Benchmark Builders Inc. in Wilmington, Del, says, “Rising house prices and low interest rates are helping baby boomers sell their existing homes at a favorable price and in turn, purchase a new home more suited to their current lifestyles.”