WASHINGTON, DC-The housing industry received good news in the form of two separate reports from the National Association of Home Builders. In one, the Multifamily Production Index held steady with a score of 52, making it the third straight quarter with a reading over 50. In the other, NAHB reported that the number of housing markets considered to be “improving” has jumped by 76 to reach 201 in December.

The MPI measures builder and developer sentiment about current conditions in the apartment and condominium market on a scale of 0 to 100. In the third quarter of 2012, the MPI component tracking builder and developer perceptions of market-rate rental properties reached a record score of 69. In addition it has been over 60 for five consecutive quarters, which is the longest sustained period of strength since the inception of the index in 2003. For-sale units had its highest reading since the fourth quarter of 2005, of 44, while low-rent units dropped 15 points to 46.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


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.

 

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.