05/15/2009

National Multi Housing Council Survey Shows Apartment Market Still in Decline

 

A recent survey by the National Multi Housing Council (NMHC) showed that, while the apartment market conditions are still suffering from a downturn, the pace is slowing down. The survey showed that all four market indexes remained below 50, indicating worsening conditions, but they all rose from three months ago.

“This global downturn has led to the most challenging economic conditions in at least five decades, and the apartment industry is suffering like other industries,” Mark Obrinsky, chief economist at NMHC, said. “Capital remains difficult to obtain, and the sharp and continuing drop in employment, in particular, is sapping demand for apartments in markets throughout the country.”

Specific statistics revealed by the NMHC survey include that the Market Tightness Index, measuring change in occupancy rates and rents, rose from 11 last quarter to 16, and that 73 percent of survey respondents said the markets were looser (meaning higher vacancy, lower rents). Additionally, the Sales Volume Index rose from 12 to 30, the highest level in seven quarters. The Equity Financing Index increased from 12 to 29: Although 46 percent of respondents stated that they thought the equity financing conditions were worse than three months ago, this is the best reading in almost two years. And finally, the Debt Financing Index rose from 26 to 41, with 14 percent of respondents saying that now is a better time to borrow than three months ago.

For full survey results, please visit www.nmhc.org/goto/QuarterlySurvey09.

 


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Visit our website today to learn about the design flexibility of a Morton building and the endless possibilities of partnering with our designBUILD team.


Wood construction is both cost and energy efficient. Check out Morton Buildings and our designBUILD team online today to discover all the benefits of post-frame construction.


When choosing a metal-clad building for your next construction project, consider Morton Buildings, Inc., and their designBUILD team, we’ll make your dream a reality.

We Can Help You Reduce Energy by 30%

Our mission is to help our customers manage their buildings' energy costs, improve reliability, and enhance performance while having a positive impact on the environment.
CLICK HERE to find out how.

 

Add highly responsive multi-zone comfort to any building project, in any climate. Our CITY MULTI H2i R2- and Y-Series VRF systems give you flexibility to fit the needs of any building. Enjoy 100% heating capacity at 0°F outdoor ambient, and 85% heating capacity at -13°F outdoor ambient.  For more information, log on to www.mitsubishipro.com

 


Tennant Company is a recognized leader in designing, manufacturing and marketing solutions that help create a cleaner, safer, healthier world. With thousands of satisfied customers already using award winning ec-H2O technology, why not see what you're missing? Test ec-H2O on your soils in your facility. Get a free demo.


Tennant Company is a recognized leader in designing, manufacturing and marketing solutions that help create a cleaner, safer, healthier world. With thousands of satisfied customers already using award winning ec-H2O technology, why not see what you're missing? Test ec-H2O on your soils in your facility. Get a free demo.

 

Replace core drilling with Connectrac In-Carpet and On-Floor Wireways, the proven connectivity solution in open interior spaces of all kinds. These elegant low-profile wireways are great for AV / telecom connectivity wherever it’s needed.

Bluebeam® Revu® simplifies digital facilities document management from design review to leveraging as-builts, maintenance manuals and O&Ms submittals.


 
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