Apartment and Condominium Market Index 3rd Quarter 2016

By
Real Estate Agent with Berkshire Hathaway Home Services Crest CBRE #01044712

On November 17, 2016, the National Association of Home Builders (NAHB) reported on the Multifamily Production Index (MPI) increased three points to 53 points in the 3rd quarter of 2016, from the 2nd quarter of 2016.

The MPI component low-rent units gained two points to 54 points, the market rate rental units jumped four points to 57 points, and for sale units rose four points to 59 points; While, Multifamily Vacancy Index (MVI) was the same at 42 points in the 3rd quarter of 2016.

NAHB Chief Economist Robert Dietz, stated “The multifamily sector has led the housing recovery and should continue to be supported by favorable demographics.”

For more complete information on National Association of Home Builders Multifamily Production Index in the 2nd quarter of 2016, please CLICK HERE

Posted by

John Pusa

Real estate agent, Glendale, CA

Better way to buy and sell real estate

Berkshire Hathaway Home Services Crest

Office (818) 441-8881

Mobile (818) 441-8881

4005 Foothill Blvd.

La Crescenta, CA. 91214

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Michelle Carr-Crowe-Top 1% Diamond Certified Real Estate Team Sells Cupertino San Jose Homes-Just Call 408-252-8900
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Thanks for updating us on what’s happening in your real estate area.

Dec 01, 2016 10:24 PM #1
Rainmaker
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John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Michelle Carr-Crowe-Top 1% Diamond Certified Real Estate Team Sells Cupertino San Jose Homes-Just Call 408-252-8900  You are welcome, and thanks for the comment.

Dec 02, 2016 11:52 AM #2
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Rainmaker
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John Pusa

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I will be very happy to assist you with your real estate needs.
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