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WASHINGTON, DC-There’s good news for the nation’s multifamily market. The National Association of Home Builders’ most recent Multifamliy Stock Index has reached a number never before seen. The June MFSI set a record at 1882, a 53-point increase over the previous month’s number and a 39-point increase over the previous all-time high record, which was set in March.

The positive change in the index is a result, NAHB concludes, of the growing echo boomer population, as well as the increasing number of immigrants to the country. The multifamily business is, indeed, big business.

“Apartment stocks remain a darling for investors because they have offered attractive returns compared with other investment opportunities over the past five years,” Elliot Eisenberg, an NAHB housing policy economist and MFSI developer, explains. “Despite the consistently strong showing of the S&P 500 over the past year, the MFSI has outperformed it. In fact, since December 1998 the MFSI has risen by 88%, while the S&P 500 with dividends reinvested has gained only one-half of 1%.”

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