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Home News Multifamily Production Index Increased by Eight Points in Q2 Multifamily Production Index Increased by Eight Points in Q2" width="464" height="186" class="visible-xs" /> Multifamily Production Index Increased by Eight Points in Q2" width="124" height="126" class="hidden-xs" /> Washington, DC, August 25, 2017-The Multifamily Production Index (MPI), released by the National Association of Home Builders (NAHB), posted a gain of eight points to 56 in the second quarter. The MPI measures builder and developer sentiment about current conditions in the apartment and condominium market on a scale of 0 to 100. The index and all of its components are scaled so that a number above 50 indicates that more respondents report conditions are improving than report conditions are getting worse. The MPI provides a composite measure of three key elements of the multifamily housing market : construc...

Printer-friendly version Filed in , The Multifamily Production Index (MPI), released today by NAHB, posted a gain of eight points to 56 in the second quarter. The MPI measures builder and developer sentiment about current conditions in the apartment and condominium market on a scale of 0 to 100. The index and all of its components are scaled so that a number above 50 indicates that more respondents report conditions are improving than report conditions are getting worse. The MPI provides a composite measure of three key elements of the multifamily housing market : construction of low-rent units, market- rate rental units and “for-sale” units, or condominiums. All three components increased in the second quarter: low-rent units and market- rate rental units rose five points to 53 and 60, respectively, while for- sale units climbed 14 points to 57. This is the highest the for-sale index has been since 2005. The Multifamily Vacancy Index (MVI), which measures the multifamily hous...