55+ Builder Confidence is Highest Yet : Industry News and Updates
HOME BUILDERS ASSOCIATION
of NORTH GEORGIA
(770) 536-8282
NAHB Logo and link to NAHB.org website.
Upcoming Events

Mar 2   Membership Meeting

Mar 16 Board Meeting

Mar 23 Blue Card Level 1A                   Renewal Class

Apr  6  Membership Meeting

Apr 20 Board Meeting

Apr 27 Spring Sporting Clay             Shoot

May 4  Membership Meeting

May 13 3 Hour Continuing Ed             Class
In order to help keep licensed builders in compliance and up to date on important licensing information, we are now providing free e-mail updates to anyone interested in recieving them.  To recieve updates, click the "JOIN MAILING LIST" link.
Image of a new home under construction

Image of the HBA of North Georgia Logo
Image of the HBA of North Georgia Logo
Next General Membership Meeting - April 6th
Continuing Education - Native Intelligence forBuilders, The Norton Agency
Stay Informed
Image of the Home Builder Association of Georgia Logo

55+ Builder Confidence is Highest Yet

by HBA of North Georgia on 02/06/17

Builder confidence in the single-family 55+ housing market remained strong in the fourth quarter of 2016 with a reading of 67, up eight points from the previous quarter, according to the NAHB 55+ Housing Market Index (HMI), released today. This is the highest reading since the inception of the index in 2008.

“The significant increase is partly attributed to a post-election boost, as many builders and developers are encouraged by President Trump’s commitment to cut burdensome regulations that negatively impact small businesses,” said Dennis Cunningham, chairman of NAHB’s 55+ Housing Industry Council and president of ActiveWest Builders in Coeur d’Alene, Idaho.

“Builders and developers in this market segment are also encouraged by the fact that for the next 15 years, 10,000 baby boomers will be turning 65 every day,” Cunningham continued. “The consistent pressure of this age group wanting to downsize, shifting to other regions of the country or just simply looking for a newer home or community also plays a key role in the index movement.”

There are separate 55+ HMIs for single-family homes and multifamily condominiums. Each 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). An index number above 50 indicates that more builders view conditions as good than poor.

All three index components of the 55+ single-family HMI posted increases from the previous quarter: Present sales and expected sales for the next six months posted index-highs, increasing 11 points to 74 and 10 points to 75, respectively, while traffic of prospective buyers rose two points to 49.

The 55+ multifamily condo HMI decreased two points to 46. The index component for present sales fell one point to 50, expected sales for the next six months increased one point to 52 and traffic of prospective buyers dropped three points to 35.

All the four indices tracking production and demand of 55+ multifamily rentals increased in the fourth quarter. Present production rose six points to 54, expected future production increased 11 points to 60, and current demand for existing units and future demand posted index-highs, jumping 12 points to 71 and 17 points to 76, respectively.

“The strong performance of the 55+ HMI at the end of 2016 is consistent with recent increases in broader measures of the housing market, including new home sales and the NAHB/Wells Fargo HMI,” said NAHB Chief Economist Robert Dietz. “We expect continued growth in the 55+ market in 2017, although builders in many places will still face challenges in finding adequate supplies of inputs like labor and lots.”

Comments (0)


Leave a comment


East Coast Builder Conference Comes to Atlanta

Join us at the Cobb Galleria on May 4th & 5th. This is a show for builders and remodelers and is not open to the general public. One of the highlights of this years show will be the new digital home. Come see the technology of tomorrow that is available today.
East Coast Builder Show Logo
Bluecard
Level 1A Class
April 13, 2017

​If you are moving dirt on a jobsite, you are required to have a current Bluecard. Even if you are just digging holes for vegetation, it is required. Contact the HBA offfice to sign up today.
3 Hour Continuing Education Class
May 23, 2017

All Ga licensed builders are required to have either 3 or 6 hours continuing education by June 30th of this year. If you haven't met your requirements yet, call the HBA office and sign up today. 
NAHB Member advantage program Banner Ad
Link to sign up for for HBA Spring Sporting Clay Shoot
April 27th
​HBA Spring Sporting Clay Shoot
Sign up Today!

Our Sporting Clay Shoots are our big fundraisers for the year. Without these fundraisers, our association would not be able to operate. A large part of our money comes from our sponsors and we want to recognize them for what they do for this association. Builders First Source, Jackson EMC, USI/Southern Foam, and Roofing Resources of Georgia have stepped up to be our event, lunch, and raffle sponsors for this spring's shoot. On behalf of everyone, I want to say   ---   THANK YOU!