Hi folks. I found this interesting article today about the Active Adult Community 55+ sales. Hopefully SoliVita will beat this trend. There are several homes under construction in my neighborhood of Venezia and I see quite a few people taking tours when the wife and I are down at the Riviera Spa and Fitness Center. Check it out.
WASHINGTON – Nov. 15, 2010 – The third-quarter results from the National Association of Home Builders’ 55+ Housing Market Index (HMI) find that builder confidence in the mature-market sector reflects the larger housing market’s bleak landscape. Almost all categories surveyed declined from the levels reported in the third quarter of 2009.
“While we have anecdotal information that some local 55-plus markets are beginning to rebound, the third-quarter data show that national conditions for this sector have not yet turned the corner,” said NAHB’s Chief Economist, David Crowe. “Real improvement won’t happen until we have better employment numbers, and consumers who are more confident of keeping their jobs. Those consumers will buy the homes of the 55-plus age cohort, so that the mature buyers will be able to move to more appropriate housing.” READ THE REST HERE