Construction deal repricing to the upside is occurring at a 9% average among respondents to the National Multifamily Housing Council (NMHC) December edition of the NMHC Quarterly Survey of Apartment Construction & Development Activity.
Three-fourths of respondents said that they have experienced upward deal repricing during the past three months.
Those experiencing repricing, either up or down, reported an average increase of 9% over the same three-month period, down from the 7% increase reported last quarter, according to NMHC.
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