Multifamily Indexes Report Positive Conditions

Washington, DC, March 2, 2015—The Multifamily Production Index (MPI) released by the National Association of Home Builders (NAHB) held steady at a reading of 54 for the fourth quarter of 2014, according to Multifamilybiz.com. This marked the third consecutive year of quarterly readings at 50 or above.

MPI measures builder and developer sentiment about conditions in the apartment and condo markets on a 0 to 100 scale. Numbers over 50 indicate improving conditions.

In addition, the Multifamily Vacancy Index (MVI), which measures the industry’s perception of vacancies, dropped two points to 39. Lower numbers indicate fewer vacancies, reports Multifamilybiz.com.