NMHC: Supply Not a Problem for MF

WASHINGTON, DC—Fundamentals remain solid for the multifamily asset class in the second quarter of 2014, according to the National Multifamily Housing Council’s quarterly survey of Apartment Market Conditions. That observation includes a still-favorable supply-demand dynamic for owners and developers—an issue that is raised more and more often as the apartment industry recovery heads into its fourth year.

For the moment, though, all is well, says NMHC Senior Vice President of Research and Chief Economist Mark Obrinsky in a prepared statement. “Most markets appear to be absorbing new supply with no downward pressure on rents or vacancies,” he says. “The increase in demand continues to outstrip the pickup in new supply.”