The apartment and condominium market continued to gain momentum in the second quarter with builders’ and developers’ confidence in the sector soaring to an all-time high, according to the National Association of Home Builders’ multifamily index.
The index rose to its highest reading since 2003, which is the year the index began. The index of builders’ perceptions on market-rate rental properties rose to 67 during the second quarter, marking the 11th consecutive quarter above 50. The index also saw increases in builder sentiment over for-sale units and low-rent units in the apartment and condo market. Learn more..
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