Multifamily Market Conditions Favorable, According To NAHB Index

Washington, DC, May 29, 2015—The Multifamily Production Index (MPI) held a steady reading of 54 for the first quarter of 2015, according to the National Association of Home Builders, the 13th consecutive reading of 50 or above.  

The MPI figure is based on three elements: construction of low-rent units, market-rate rental units and units or condominiums that are for sale.

Any number over 50 indicates that conditions in the market are improving.