Multifamily Market Holds Steady

Builder confidence in the multifamily remained solid as inventory grew slightly in the first quarter, according to a pair of data reports. Confidence in the multifamily housing market remained steady during the first quarter of this year, according to the Multifamily Production Index (MPI) and the Multifamily Vacancy Index (MVI) released by the National Association of Home Builders (NAHB). Both indices were unchanged from the fourth quarter of 2017, with the MPI at 53 the MVI at 42.


Source: National Mortgage Professional Magazine

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