Multifamily starts and vacancy rates indicate strong market

The MPI measures builder and developer sentiment about current conditions in the apartment and condo market on a scale of 0 to 100. The index and all of its components are scaled so that a number.

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These factors indicate that the Los Angeles multifamily housing market is expected to level off in 2019, but it will remain strong as housing demand far outweighs supply, NAI’s report concluded.

GREATER PHOENIX | MULTIFAMILY Q1 2017 Strong Renter Demand Drives Vacancy Lower Key Takeaways > The Greater Phoenix multifamily market posted a strong start to 2017. During the first quarter vacancy dipped, rents continued to push higher, and sales velocity remained relatively consistent. > Vacancy ended the first quarter at 5.6 percent, down.

With vacancy rates down sharply and rents climbing, multifamily construction is booming across the country. But with strong growth among high-income renters, so far most of this new housing is.

A reading of 42 is seen as a healthy number for the multifamily market. "Multifamily builders and developers are reporting solid demand around the country, as shown in the vacancy rate for the first quarter," said Steve Lawson, president of The Lawson Companies in Virginia Beach, Va., and chairman of NAHB’s Multifamily Council.

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The MPI measures builder and developer sentiment about current conditions in the apartment and condominium market on a scale of 0 to 100. The index and all of its components are scaled so that a.

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The Multifamily Market Survey (MMS) is based on a quarterly survey of NAHB multifamily builders and property managers. The survey is designed to monitor conditions for multifamily production (starts) and multifamily rental occupancy in the current versus preceding quarter as well as in the next six months.

How 16 containers became 8 market-rate Phoenix apartments During the first half of this year, the multifamily market performance remained strong. national vacancy rates slowly inched up despite high levels of new supply entering the market. Of course, these dynamics vary across metros but any weakness is expected to be temporary as new units enter the market faster than demand can absorb them.