DEVELOPERS ARE BULLISH ABOUT THE MULTIFAMILY MARKET FOR THIRD CONSECUTIVE QUARTER: NAHB

摘要

Developers of multifamily apartment buildings remain mostly positive about the rental/condo market's current conditions, according to the latest quarterly tracking data from the National Association of Home Builders. NAHB's Multifamily Production Index (MPI), based on responses from 93 developers across the country, stood at 54 (on a scale of 0 to 100) in Q4/2014. The MPI-a composite measure of developer sentiments about construction for low-rent units, market-rate rentals, and for-sale condos-registered above 50 for each quarter last year and has been hovering at 50 or higher since Q1/2013.