On February 23, 2023, National Association of Home Builders (NAHB) reported Multifamily Production Index (MPI) up two points to 34 points in the 4th quarter of 2022, from 32 points in the 3rd quarter of 2022; while, Multifamily Vacancy Index (MVI) gained four points to 49 points in the 4th quarter of 2022 from 45 points in the 3rd quarter of 2022.
The market rate rental properties lower one point to 38 points; component measuring low rent units higher five points to 41 points; and for sale units increased unchanged zero point to 23 points; in the 4th quarter of 2022.
NAHB Chief Economist Robert Dietz, stated “This is also consistent with NAHB’s forecast that multifamily production will slow measurably from the very strong rates it sustained through most of 2022.”
For more complete detailed information about National Association of Home Builders’ Multifamily Production Index in the 4th quarter of 2022, please click HERE
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