The US Census Bureau, in collaboration with the US Department of Housing and Urban Development, releases data on completions and absorption rates for multifamily buildings with at least 5 apartments. The most recent release shows that completions of nonsubsidized, unfurnished, rental apartments amounted to 73,800 in the third quarter of 2016. This is 11,700 more than the second quarter of 2016, but… Read More ›
Tag Archive for ‘condos’
Apartment and Condominium Market Momentum Continues
The National Association of Home Builders’ Multifamily Production Index (MPI) increased two points to 55 in the fourth quarter of 2016. For five straight years, the MPI has been at or above 50, which indicates that more respondents report conditions are improving than report conditions are getting worse (Figure 1). Figure 1: NAHB Multifamily Production Index (MPI) and Multifamily Starts… Read More ›
Confidence in New 55+ Home Sales Posts Another Year-Over-Year Gain
Builder confidence in the 55+ housing market improved the fourth quarter of 2012 compared to the same period a year ago, according to NAHB’s latest 55+ Housing Market Indices (55+ HMIs). There are separate 55+ HMIs for two segments of the 55+ housing market: single-family homes and multifamily condominiums. Each 55+ HMI is based on a survey that asks if… Read More ›
Builder Confidence in the 55+ Market Improves in the Second Quarter
According to NAHB’s latest 55+ Housing Market Index (HMI) survey, builder confidence in the market for new 55+ single-family homes increased significantly in the second quarter of 2012. Compared to the same period a year ago, the 55+HMI for new single-family homes more than doubled from 13 to 29. (Because the survey results are not yet seasonally adjusted, numbers should only be compared year-over-year.)… Read More ›
Declining Multifamily Vacancy Rates Point to Future Growth
Data from the Survey of Market Absorption (SOMA), produced by the Census Bureau and the Department of Housing and Urban Development, reveal limited weakness in the multifamily sector for the first half of 2011. However, declining multifamily vacancy rates are a hopeful sign for future multifamily market expansion, which is consistent with improving responses reported in NAHB multifamily surveys. The SOMA tracks completions and… Read More ›