Multifamily Builder Confidence Index 2nd Quarter 2020

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

On August 20, 2020, National Association of Home Builders (NAHB) reported Multifamily Production Index (MPI) gained 10 points to 37 points in the 2nd quarter of 2020, from 27 points in the 1st quarter of 2020; while, Multifamily Vacancy Index (MVI) up 3 points to 62 points in the 2nd quarter of 2020 from 59 points in the 1st quarter of 2020.

The market rate rental properties gained five points to 34 points; component measuring low rent units jumped 10 points to 42 points; and for sale units increased 13 points to 35 points; in the 2nd quarter of 2020.

NAHB Chief Economist Robert Dietz, stated “Demand remains subdued due to elevated unemployment rates, while on the supply-side of the market builders and developers are dealing with a significant increase in lumber prices, which could hinder further recovery of the market.”

For more complete detailed information about National Association of Home Builder's Multifamily Production Index in the 2nd quarter of 2020, 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

Comments (4)

Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good afternoon John Pusa - that is really quite a jump.  Thanks for sharing the information.

Sep 03, 2020 02:28 PM
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Good afternoon Grant Schneider you are welcome, and glad you find the report very informative. Thanks for the comment.

Sep 03, 2020 02:34 PM
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning John. Apartments continue to sprout in the downtown Chocago area as flight to the suburbs and beyond continues to gather momentum. Go figure! Enjoy your day!

Sep 04, 2020 05:42 AM
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Good afternoon Wayne Martin you are right, new apartments continue to sprout in downtown Chicago and most major cities and lately people moving to suburbs. In the past, I worked in downtown Chicago and lived 30 miles away in Naperville. Enjoy your day too. Thanks for the comment.

Sep 04, 2020 02:56 PM