Suddenly, there's less confidence in the multifamily housing sector—long-time regarded as one of the safest and best performing CRE segments.
This is according to the Q1 2022 National Association of Home Builders Multifamily Production Index, which fell six points to 48 compared to the previous quarter, dipping below the break-even mark of 50 for the first time in three quarters.
The MPI measures builder and developer sentiment about current production conditions in the apartment and condo market on a 100-point scale. The index and all of its components are scaled so that a number above 50 indicates that more respondents report conditions are improving than report conditions are getting worse.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
