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National Multi Housing Council's Bibby

'This is a marathon, not a sprint. Just keep your eye focused on the longer-term picture and don't let the current dislocation and difficulties cloud your thinking.'

By Sule Aygoren Carranza | Updated on March 10, 2010

Many expect 2010 to be a year of both recovery and pain for the national apartment market. Economic improvement will bode well for the industry, but rents are still ticking down while occupancies are flat to falling. Like with most other sectors, apartment professionals don’t expect to see any meaningful improvement until 2011.

But that doesn’t mean the multifamily business is stagnant. On the contrary, there are investors eager to do deals, if they arise. Some developers are even embarking on the early stages of construction. Everyone, it seems, is optimistic about doing business again, once that light on the horizon starts to shine a little brighter.

Douglas M. Bibby, president of the National Multi Housing Council, recently spoke with GlobeSt.com about the trends he’s seeing in the market, as well as the organization’s agenda and priorities for 2010.

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