RISMedia
  • News
  • Premier
  • Reports
  • Events
  • Power Broker
  • Newsmakers
  • More
    • Publications
    • Education
No Result
View All Result
  • Agents
  • Brokers
  • Teams
  • Marketing
  • Coaching
  • Technology
  • More
    • Headliners New
    • Luxury
    • Best Practices
    • Consumer
    • National
    • Our Editors
Join Premier
Sign In
RISMedia
  • News
  • Premier
  • Reports
  • Events
  • Power Broker
  • Newsmakers
  • More
    • Publications
    • Education
No Result
View All Result
RISMedia
No Result
View All Result

Confidence in Multifamily Housing Down in Q2

Home Industry News
By RISMedia Staff
August 20, 2021
Reading Time: 2 mins read
Confidence in Multifamily Housing Down in Q2

Confidence in the multifamily housing sector declined in the second quarter of 2021, due in part to COVID-related regulations and restrictions, according to the National Association of Home Builders’ (NAHB) Multifamily Market Survey (MMS).

The Multifamily Production Index (MPI) measures builder and developer sentiment about current conditions in the apartment and condo market on a scale of 0 to 100. Anything below 50 indicates that “more respondents report conditions are getting worse than report conditions are improving.”

– Overall, the MPI declined three points to 48
– The MPI component measuring low-rent units increased three points to 49
– The component measuring market rate rental units declined three points to 51
– The component measuring for-sale units dropped seven points to 45

The Multifamily Occupancy Index measures the multifamily industry’s perception of occupancies in existing apartments.

– Increased six points. At 70, this is the highest reading since the report launched.

The takeaway:

The multifamily sector is experiencing several hurdles related to the pandemic, including newly imposed government regulations, challenges with financing and in-person restrictions.

“Demand for rental housing remains strong, but headwinds that have emerged in some parts of the country are slowing production of new apartments,” said Justin MacDonald, president and CEO of The MacDonald Companies in Kerrville, Texas, and chairman of NAHB’s Multifamily Council. “The moratorium on evictions is making it difficult to obtain financing in places where rental assistance is inadequate to offset the moratorium. In other places, local governments imposing new regulations and switching to virtual meetings are making it take longer to obtain approvals.”

“The MPI softened slightly in the second quarter while multifamily production continued to increase, but it is typical for the MPI to turn one to three quarters before starts,” said NAHB Economist Robert Dietz. “Nevertheless, the MPI remains as strong as it was at any point in 2020 and NAHB expects more apartments to be started in 2021 than in 2019 or 2020.”

Tags: Housing MarketIndustry NewsMultifamilyNAHBNational Association of Home BuildersReal Estatereal estate news
ShareTweetShare

RISMedia Staff

Related Posts

Empowering Female Business Owners on Their Path to Aligned Ambition
Agents

Empowering Female Business Owners on Their Path to Aligned Ambition

June 19, 2025
Maximizing the Power of Your MLS
Best Practices

Maximizing the Power of Your MLS

June 19, 2025
HomeServices
Agents

HomeServices of America Names Jimmy Burgess Chief Coaching Officer

June 19, 2025
GSEs
Industry News

National Housing Conference Outlines Goals of GSE Privatization

June 19, 2025
mortgage
Industry News

Mortgage Rates Move Lower

June 19, 2025
Weichert
Agents

Weichert’s 25th Charity Outing Tees Off This August

June 19, 2025
Please login to join discussion
Tip of the Day

Why a Dirty Car Could Cost You the Deal

Think a dirty car doesn’t matter? Think again. Learn just how much first impressions can make or break a deal. See how.

Business Tip of the Day provided by

Recent Posts

  • Empowering Female Business Owners on Their Path to Aligned Ambition
  • Maximizing the Power of Your MLS
  • HomeServices of America Names Jimmy Burgess Chief Coaching Officer

Categories

  • Spotlights
  • Best Practices
  • Advice
  • Marketing
  • Technology
  • Social Media

The Most Important Real Estate News & Events

Click below to receive the latest real estate news and events directly to your inbox.

Sign Up
By signing up, you agree to our TOS and Privacy Policy.

About Blog Our Products Our Team Contact Advertise/Sponsor Media Kit Email Whitelist Terms & Policies ACE Marketing Technologies LLC

© 2025 RISMedia. All Rights Reserved. Design by Real Estate Webmasters.

No Result
View All Result
  • Home
  • Premier
  • Reports
  • News
    • Agents
    • Brokers
    • Teams
    • Consumer
    • Marketing
    • Coaching
    • Technology
    • Headliners New
    • Luxury
    • Best Practices
    • National
    • Our Editors
  • Publications
    • Real Estate Magazine
    • Past Issues
    • Custom Covers
  • Events
    • Upcoming Events
    • Podcasts
    • Event Coverage
  • Education
    • Get Licensed
    • REALTOR® Courses
    • Continuing Education
    • Luxury Designation
    • Real Estate Tools
  • Newsmakers
    • 2025 Newsmakers
    • 2024 Newsmakers
    • 2023 Newsmakers
    • 2022 Newsmakers
    • 2021 Newsmakers
    • 2020 Newsmakers
    • 2019 Newsmakers
  • Power Broker
    • 2025 Power Broker
    • 2024 Power Broker
    • 2023 Power Broker
    • 2022 Power Broker
    • 2021 Power Broker
    • 2020 Power Broker
    • 2019 Power Broker
  • Join Premier
  • Sign In

© 2025 RISMedia. All Rights Reserved. Design by Real Estate Webmasters.

X