Eye On Housing
In the third quarter of 2021, the demand for apartment and other multifamily properties surged, contributing to the rise in their price levels, as shown by the Commercial Real Estate Price Index (CREPI) series. This recent development owed to a combination of several related factors: an increase in COVID-19 vaccinations, more lenient lending standards by banks, unprecedented home price growth,… Read More ›
Confidence in the multifamily housing market continued to recover from its 1st quarter trough, with the Multifamily Production Index (MPI) rising to 48 in the third quarter (up from 37 in the second quarter and 27 in the first quarter), according to the National Association of Homebuilders’ Multifamily Market Survey (MMS) (Figure 1). Meanwhile, the Multifamily Vacancy Index (MVI) decreased… Read More ›
Confidence in the market for new multifamily housing increased in the second quarter but still remains in negative territory, according to the National Association of Home Builders (NAHB). The Multifamily Production Index (MPI) rose 10 points to 37, but is still below its break even point of 50, which indicates that more builders and developers view conditions as weaker than… Read More ›
Builder and developer confidence in the multifamily housing market weakened slightly in the third quarter, according to results from NAHB’s Multifamily Market Survey (MMS). The MMS produces two separate indices: The Multifamily Production Index (MPI) and the Multifamily Vacancy Index (MVI). The MPI dropped seven points to 49 in the third quarter of 2019 (from 56 in the second quarter)… Read More ›
Builder and developer confidence in the multifamily market strengthened in the second quarter of 2019, according to the National Association of Home Builders’ (NAHB) Multifamily Market Survey (MMS). The MMS consists of two indices measuring supply and demand in the multifamily market: the Multifamily Production Index (MPI) and the Multifamily Vacancy Index (MVI). In the second quarter, the MPI jumped… Read More ›