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Multifamily Developer Confidence Declines in Q1 2024

Multifamily Developer Confidence Declines in Q1 2024
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Multifamily Developer Sentiment Slips During Q1

Multifamily Developer Sentiment Slips During Q1
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Financing issues drag down confidence in multifamily development

Financing issues drag down confidence in multifamily development
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NAHB s new multifamily activity index finds market good

The National Association of Home Builders (NAHB) redesigned its Multifamily Market Survey (MMS) in the first quarter of 2023 to make it easier to interpret and more similar to the NAHB/Wells Fargo Housing Market Index for single-family housing. The MMS produces two separate indices. The Multifamily Production Index (MPI) had a reading of 50 for the first quarter while the Multifamily Occupancy Index (MOI) reading was 82. Readings above 50 are considered good.

Multifamily developer confidence remains in negative territory

While the two main confidence indexes for multifamily housing increased slightly in the fourth quarter, they both remained in negative territory, according to results from the Multifamily Market Survey (MMS) released today by the National Association of Home Builders (NAHB).

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