The National Multifamily Housing Council's Quarterly Survey of Apartment Market Conditions has been released, and demand is stronger in all four categories in Q3 '15.
All four indexes were above the break-even level of 50, signifying growth in the sector. The Market Tightness Index came in at 53, marking the seventh consecutive quarter that demand for apartments rose. Meanwhile, the Sales Volume Index remained solid at 53, the Equity Financing Index had a three point uptick to 52, and the Debt Financing Index bounced back 19 points to 54.
Additionally, among the 130 apartment-related CEOs and senior executives polled, 35% reported more construction activity, compared to just 14% who reported less construction. 51% reported construction activity as about the same as three months ago.
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