Apartment and Condominium Market Index 2nd Quarter 2015

On August 06, 2015, the National Association of Home Builders (NAHB) reported on the Multifamily Production Index (MPI) higher one point to 55 points in the 2nd quarter of 2015, from 1st quarter of 2015.

The MPI component low-rent units unchanged at 54 points, the market rate rental units gained one point to 60 points and for sale units increased three points to 53 points; While, Multifamily Vacancy Index (MVI) decreased two points to 34 points, in the 2nd quarter of 2015.

NAHB Chief Economist David Crowe, stated “These are very good indicators of the overall health of the multifamily market. However, developers in certain parts of the country are experiencing lot and labor shortages, which can hinder production.”

For more complete information on National Association of Home Builders Multifamily Production Index in the 2nd quarter of 2015, please CLICK HERE