The U.S. apartment market still has considerable strength, according to the latest National Multifamily Housing Council‘s quarterly survey on apartment market conditions, which was released on Thursday, but the surge of supply is finally catching up with persistent demand—for part of the market, that is.
For the third quarter in a row, the organization’s Market Tightness Index was unchanged at 43, showing that supply is a bit stronger than demand. Almost one-third of respondents (31 percent) reported looser conditions than three months ago. At the other end, 18 percent noted tighter conditions, while more than half (51 percent) reported no change.
Read more...Economy Watch: Apartment Market Not Quite the Juggernaut of Recent Years