Multifamily developer confidence declines in first quarter
Floor Covering News
MAY 16, 2024
A multifamily condominium is under construction. Washington, D.C.—Confidence in the market for new multifamily housing declined year-over-year in the first quarter of 2024, according to results from the Multifamily Market Survey (MMS) released by the National Association of Home Builders (NAHB). The MMS produces two separate indices; the Multifamily Production Index (MPI) had a reading of 47, down three points year-over-year, while the Multifamily Occupancy Index (MOI) had a reading of 83, up on
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