Multifamily Housing Construction Remains Strong into 2020
Multifamily housing in the U.S. is predicted to continue growing into 2020, according to a recent PSMJ Quarterly Market Forecast (QMF) survey. The survey, which interviews architecture, engineering and construction (A/E/C) firms, found that 54% of the nearly 200 respondents reported increased proposal activity compared to 9% that recorded decreased levels. The multifamily market Net Plus/Minus Index (NPMI), which measures the difference between firms reporting an increase and those reporting a decrease in proposal activity, has stayed above 40% since 2011.
PSMJ Resources, Inc, is a publishing, executive education, and advisory company dedicated to serving A/E/C organizations worldwide. See Building Design & Construction