The confidence of the multifamily housing industry in production and occupancy is gaining, reports the National Association of Home Builders.
The Multifamily Production Index increased five points to 53 compared to the previous quarter while the Multifamily Occupancy Index increased by five points, up to 75—the highest reading since the inception of the index in 2003.
MPI measures builder and developer sentiment about current conditions in the apartment and condo market. MOI measures the multifamily housing industry's perception of occupancies in existing apartments.
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