NAHB’s Multifamily Market Survey

The Multifamily Market Survey, conducted quarterly by NAHB, gauges conditions in multifamily production and rental occupancy through feedback from builders and property managers. In the second quarter of 2024, the Multifamily Production Index (MPI) registered at 44, while the Multifamily Occupancy Index (MOI) stood at 81. The MPI reflects builder and developer sentiment regarding current production conditions for apartments and condos, with a scale of 0 to 100 where a reading above 50 signifies more positive than negative responses. The MOI assesses perceptions of occupancy in existing multifamily properties, with a similar scale indicating that a reading above 50 reflects more favorable than unfavorable views on occupancy.

Source: https://www.nahb.org/news-and-economics/housing-economics/indices/multifamily-market-survey