Consumer demand for rental apartments remained strong while the market for apartment properties stayed relatively unchanged in the latest National Multifamily Housing Council (NMHC) Quarterly Survey of Apartment Market Conditions.
The market tightness, sales volume and equity finance indexes all remained near or above the break-even level of 50, according to NMHC. However, its debt financing index declined significantly to 35 from 60. The index fell below 50 for the first time since January 2014.
"The decline in the debt financing index is significant," said Mark Obrinsky, NMHC’s senior vice president of research and chief economist.
Read more...Apartment Demand Stays Hot, but Lending Tightens - CoStar Group
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