Q1 Multifamily Construction Confidence Grows

Multifamily construction confidence increased in the first quarter, according to the Multifamily Market Survey produced by the National Association of Home Builders (NAHB).  The Multifamily Product Index (MPI) increased 8 points in Q1 to 51. The MPI measures builder and developer sentiment about conditions in the market for new apartments and condos. Any score over 50 indicates improving conditions by those surveyed. The current MPI of 51 is the first score over 50 in seven quarters. See NAHB