According to the NAHB’s Multifamily Production Index, builder sentiment in the multifamily industry held steady during the fourth quarter of 2014.
The overall MPI has been over 50 for three straight years and indicates that builders and developers believe that market has consistently improved over time. Low rent starts, market rent starts, and for sale starts are the three components that make up the MPI. During the final three months of 2014, the index for low-rent apartments rose to 52, market rate rentl dropped to 62, and the index for condos remained at 50.
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