Multifamily Keeps Firing on All Cylinders
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The apartment sector’s run-up “shows no signs of ebbing,” Obrinsky says.
WASHINGTON, DC—The apartment market continues to grow nationally, judging by the latest quarterly results from the National Multifamily Housing Council, which on Friday reported increases in all four of its indices. However,Real Capital Analytics’ latest quarterly report on the sector suggests that growth in all one of those metrics—sales volume—is starting to mature.
NMHC’s Quarterly Survey of Apartment Market Conditions for the third quarter produced scores above the break-even level of 50, thus indicating growth over the past three months. Consumer demand as measured by the Market Tightness Index came in at 53, as did the Sales Volume Index. The survey’s Equity Financing Index measured 52, while the Debt Financing Index came in at 54…
