Multifamily Construction Sentiment in U.S. Remains Positive in Late 2021

Source: World Property Journal — 

According to the National Association of Home Builders latest Multifamily Market Survey, confidence in the market for new multifamily housing improved in the fourth quarter of 2021.

The MMS produces two separate indices. The Multifamily Production Index (MPI) increased one point to 54 compared to the previous quarter while Multifamily Occupancy Index (MOI) decreased six points to 69.

The MPI measures builder and developer sentiment about current conditions in the apartment and condo market on a scale of 0 to 100. The index and all of its components are scaled so that a number above 50 indicates that more respondents report conditions are improving than report conditions are getting worse.