NAHB NEWS 55+ Builder Confidence Strengthens in 2nd Quarter housing marBuilder confidence in the single-family 55+ ket strengthened in the second quarter of 2017 with a reading of 66, up 11 points from the previous quarter, according to the NAHB 55+ Housing Market Index (HMI) released today. This is the 13th consecutive quarter with a reading above 50, which means that more builders view conditions as good than poor. “Demand for 55+ housing continues to grow, and this quarter’s index is a reflection of that,” said Dennis Cunningham, chairman of NAHB’s 55+ Housing Industry Council and president of ActiveWest Builders in Coeur d’Alene, Idaho. “Consumers in this market want a home that addresses their specific needs, and 55+ builders and developers are able to create homes and communities that cater to these needs.” There are separate 55+ HMIs for two segments of the market: single-family homes and multifamily condominiums. 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 A Focus on Flood Insurance and Lumber arWith Congress in its August recess, members e encouraged to visit their lawmakers in their home districts and seek action on two issues – flood insurance and lumber. The National Flood Insurance Program (NFIP) must be reauthorized by Sept. 30. Congress requires all properties within the 100-year floodplain that are purchased with a federally backed mortgage to carry flood insurance. So it is essential that the program gets reauthorized in a timely manner. NAHB has been at the forefront of this issue, working with lawmakers on a viable, long-term bill. We have reached an agreement with the House Financial Services Committee to craft legislation that will provide a five-year reauthorization that will keep the NFIP fiscally sound and let builders provide safe and affordable housing. This is a huge win for NAHB, and brings us a big step closer to a program that protects home builders and home owners living in the floodplain. Read More 30 HBRA of Fairfield County | SUMMER 2017
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