Spring has officially sprung! It’s that time of year when all things seem new and fresh and we know you’re making plans to grow your business throughout 2019. We look forward to making sure The AARC is part of those efforts!
A big thank you to Margaret Wylde for the informative webinar this week. Knowing the attributes most likely to attract people to move to your community are vital to growth and sustainability.
The AARC is exited to share with you this year’s annual conference theme – “Roaring 20s Returns….Recruiting Retirees in a New Decade.” Speakers are being organized and plans are underway for Chattanooga so make sure and mark your calendars for November 6-8. Learn More
From the AARC family to you and yours, we want to wish you a Happy Easter!
Rachel Baker Chair, The AARC
AARC 2019 Annual Conference – November 6th – 8th
Roaring 20s Returns….Recruiting Retirees in a New Decade
The American. Association of Retirement Communities’ Board of Directors is excited to announce that Chattanooga Tennessee and The Read House has been chosen as the site for our 2019 Annual Conference. The host city and agenda will surely delight. We will continue to share more in the coming months. In the meantime enjoy the below video created by Chattanooga!
Existing-Home Sales Surge 11.8 Percent in February
Builder Confidence Holds Steady in March
National Association of Home Builders (NAHB.com) | March 18, 2019
Builder confidence in the market for newly-built single-family homes held steady at 62 in March, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index (HMI) released today.
“Builders report the market is stabilizing following the slowdown at the end of 2018 and they anticipate a solid spring home buying season,” said NAHB Chairman Greg Ugalde, a home builder and developer from Torrington, Conn.
“In a healthy sign for the housing market, more builders are saying that lower price points are selling well, and this was reflected in the government’s new home sales report released last week,” said NAHB Chief Economist Robert Dietz. “Increased inventory of affordably priced homes – in markets where government policies support such construction – will enable more entry-level buyers to enter the market.”
However, affordability still remains a key concern for builders. The skilled worker shortage, lack of buildable lots and stiff zoning restrictions in many major metro markets are among the challenges builders face as they strive to construct homes that can sell at affordable price points.
Derived from a monthly survey that NAHB has been conducting for 30 years, the NAHB/Wells Fargo Housing Market Index gauges builder perceptions of current single-family home sales and sales expectations for the next six months as “good,” “fair” or “poor.” The survey also asks builders to rate traffic of prospective buyers as “high to very high,” “average” or “low to very low.” Scores for each component are then used to calculate a seasonally adjusted index where any number over 50 indicates that more builders view conditions as good than poor.
The HMI component charting sales expectations in the next six months rose three points to 71, the index gauging current sales conditions increased two points to 68, and the component measuring traffic of prospective buyers fell four points to 44. Looking at the three-month moving averages for regional HMI scores, the Northeast posted a five-point gain to 48, the South was up three points to 66 and West increased two points to 69. The Midwest posted a one-point decline to 51.