Search
 
Research

NMHC Index Says Multifamily is Playing a Bigger and More Important Role

The new report reveals that three of the four components used to measure the health of the multifamily market are performing poorly.

The just-released quarterly survey for April 2024 conducted by the National Multifamily Housing Council confirms what many owners and operators already know: nationally, the market is looser – meaning there are higher vacancy rates in the sector and lower rent growth.

The NMHC index is set up so that a score of 50 represents equilibrium, with a score below that showing weakness in the market and a higher score indicating the market is improving. The new report reveals that three of the four components used to measure the health of the market are performing poorly.

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Philippa Maister

Recommended Stories

GlobeSt. Multifamily Fall 2024Event

Join the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.