Apartment market conditions are continuing their year-long journey in improvement, according to the National Multifamily Housing Council's quarterly survey of apartment market conditions
"We are continuing to see strong, broad-based demand for apartments as the US economy remains on an upward trajectory," noted NMHC's Vice President of Research, Caitlin Sugrue Walter. "Sunbelt markets in particular are witnessing historic levels of occupancy and rent growth, while most urban, coastal markets have returned to or even surpassed pre-pandemic levels."
In October, NMHC's Market Tightness (82), Sales Volume (79), and Equity Financing (65) indexes came in above the breakeven level (50) for the third quarter in a row.
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