The latest data from the National Association of Home Builders (NAHB) released shows that multifamily builder and developer sentiment is riding higher than it has in years.
According to the results from the newest Multifamily Production Index (MPI), sentiment has risen to 54 in the second quarter, up from 51 on a scale of 0 to 100 during the first quarter of 2012. Essentially, the higher the score, the better developers and builders feel about market conditions. This recent increase marks the highest level of confidence since the second quarter of 2005.
Read more...Builder Sentiment at Highest Level Since 2005 - Housing Trends - Multifamily Executive Magazine
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