Multifamily Developer Confidence Dips in First Quarter as Market Levels Off

The Multifamily Production Index (MPI) dropped seven points to 48 in the first quarter of 2017, according to the National Association of Home Builders (NAHB). The last time the MPI had a reading below 50 was in the fourth quarter of 2011 (Figure 1). Figure 1: NAHB Multifamily Production Index (MPI) and Multifamily Starts (in thousands) The MPI measures builder... Read More ›...(read more)

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