Confidence in the market for new multifamily housing weakened slightly in Q3, according to results from the Multifamily Market Survey (MMS) by the National Association of Home Builders (NAHB). The MMS produces two separate indices. The Multifamily Production Index (MPI) fell seven points to 49 compared to the previous quarter. Meanwhile, the Multi-family Vacancy Index (MVI) remained even at 40, with lower numbers indicating fewer vacancies.
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