NMHC Quarterly Survey
The apartment market continues to rebound from the “Great Recession” according to NMHC’s latest Quarterly Survey of Apartment Market Conditions.
Sales volume is up, debt and equity are more available, and markets are tighter, according to respondents.
For the first time since October 2005, all four survey indexes recorded better market conditions than three months ago. Indexes for both sales volume and equity financing registered all-time highs. The biggest improvement came in market tightness, which jumped from 38 to 81.
Of course, a sustained recovery in the apartment market requires a firm economic and demographic foundation. In the near-term the industry’s prospects still depend upon a stronger rebound in both the job market and household formation.
The full survey results, including a downloadable Excel spreadsheet, are available at www.nmhc.org/goto/5756.
A press release summarizing the survey is available at www.nmhc.org/goto/5757.