NMHC: Apartment Market Tightness Index Decreased in January

The National Multifamily Housing Council (NMHC) released their January report: January Quarterly Survey Indicates Apartment Conditions Mixed Certain market conditions are loosening, according to the NMHC Quarterly Survey of Apartment Market Conditions, conducted in January 2020. The Sales Volume Index slipped further below the breakeven level (50) to 43, indicating a continued softness in property sales. "This reflects some seasonal decline along with the paucity of available deals, some respondents also noted the negative impact of the new rent laws in New York," said NMHC Chief Economist......(read more)

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