Going into multifamily REITs’ third-quarter earnings season, which began late Monday afternoon with a report from AvalonBay Communities (AVB), there have been signs of softening in apartment markets nationally. The National Multifamily Housing Council said last week that all four of the indices in its latest quarterly survey came in below the break-even level of 50, while economists and analysts alike are anticipating a moderation of growth in 2017.
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