Multifamily developers remain positive in 2018Multifamily developers remain positive in 2018https://www.recenter.tamu.edu/news/newstalk-texas/?Item=201962018-05-25T05:00:00Z2018-05-25T15:00:00Z

​​​​WASHINGTON – ​​Confidence in the multifamily ​market remained positive in first quarter 2018, according to two National Association of Home Builders (NAHB) indices.  

The Multifamily Production Index (MPI) remained unchanged from last quarter, coming in at a reading of 53. 

The MPI measures builder and developer sentiment about current conditions in the apartment and condo market. A number over 50 indicates more respondents report conditions are improving thanreport conditions are worsening. 

The Multifamily Vacancy Index (MVI) remained essentially unchanged, increasing one point to 42.​ 

The MVI measures the multifamily housing industry's perception of vacancies. A number over 50 indicates more property managers report more vacant apartments. A reading of 42 is considered healthy. 

"Multifamily builders and developers are reporting solid demand around the country, as shown in the vacancy rate for the first quarter," said Steve Lawson, chairman of NAHB's multifamily council. “We anticipate steady demand through the rest of the year as household formations continue to grow."​

National Association of Home Builders
https://www.nahb.org/en/news-and-publications/press-releases/2018/05/multifamily-builders-and-developers-remain-positive.aspxRead more at {Source}

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