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WASHINGTON, DC—The multifamily sector faltered for the first time in more than two years, as the National Multifamily Housing Council‘s Quarterly Survey of Apartment Market Conditions fell below the break-even level of 50, indicating a decline over the past quarter. “After an incredible year for the apartment industry, some weakening has appeared, reflecting seasonal patterns along with additional pullback in some markets,” says Mark Obrinsky, SVP of research and chief economist at NMHC.

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