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NMHC's Mark Obrinsky Obrinsky notes that the “the overall fundamentals for apartments remain stable,” indicated by strong demand for class B and C properties.

WASHINGTON, DC—Going into multifamily REITs’ third-quarter earnings season, which began late Monday afternoon with a report from AvalonBay Communities (AVB), there have been signs of softening in apartment markets nationally. The National Multifamily Housing Council said last week that all four of the indices in its latest quarterly survey came in below the break-even level of 50, while economists and analysts alike are anticipating a moderation of growth in 2017.

Paul Bubny

Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.

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