Builder Confidence in the 55+ Housing Market Drops Significantly in First Quarter on Coronavirus Pandemic Concerns

Builder confidence in the single-family 55+ housing market dropped 30 points to 38 in the first quarter, according to the National Association of Home Builders’ (NAHB) 55+ Housing Market Index (HMI). This is the lowest reading since the fourth quarter of 2012. The 55+ HMI measures two segments of the 55+ housing market: single-family homes…