Multifamily Builder Confidence Index 4th Quarter 2020

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

On February  25, 2021, National Association of Home Builders (NAHB) reported Multifamily Production Index (MPI) down five points to 43 points in the 4th quarter of 2020, from 48 points in the 3rd quarter of 2020; while, Multifamily Vacancy Index (MVI) declined two points to 42 points in the 4th quarter of 2020 from 40 points in the 3rd quarter of 2020.

The market rate rental properties dropped five points to 48 points; component measuring low rent units decreased four points to 42 points; and for sale units decreased seven points to 39 points; in the 4th quarter of 2020.

NAHB Chief Economist Robert Dietz, stated “Building material delays and increased costs, especially lumber, have become serious headwinds for builders and developers.”

For more complete detailed information about National Association of Home Builders’ Multifamily Production Index in the 4th 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)

Joe Manausa
Joe Manausa Real Estate - Tallahassee, FL
Tallahassee Real Estate

Thank you for sharing this report John Pusa 

Mar 03, 2021 05:37 PM
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

Good  evening John Pusa 

Thank  for  Sharing  your  information  with  us  about  the  Multifamily  Builder confidence  index  fourth  quarter  2020.  

Mar 03, 2021 06:08 PM
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Hello Joe Manausa you are welcome, and glad you find the report very valuable. Thanks for the comment.

Mar 03, 2021 06:15 PM
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Good evening Anthony Acosta - ALLATLANTACONDOS.COM  you are welcome, and glad you find the report very helpful. Thanks for the comment.

Mar 03, 2021 06:16 PM

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