Two-thirds of respondents to a newly formulated survey by the National Association of Home Builders said current market conditions for multifamily housing in their markets were "about the same" as it was three months earlier.
The new Multifamily Production Index (MPI) in Q1 2023 also gave respondents the choice of "better" or "worse."
NAHB's current forecast has multifamily starts declining by more than 10% per year in 2023 and 2024, according to NAHB Chief Economist Robert Dietz.
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