Industry News




 

02/08/2010

NMHC Quarterly Survey Shows Apartment Market Conditions Steady

 
NMHC Quarterly Survey Shows Apartment Market Conditions Steady

For the first time in the National Multi Housing Council’s Quarterly Survey’s history, at least 60 percent of responses to each question indicated conditions were unchanged from the previous quarter, meaning that apartment industry market conditions are little changed from 3 months ago.

The survey’s nearly unchanged results indicate that market conditions are beginning to steady: “This quarter saw a continued uptick in sales volume and equity financing, which represent another step, albeit a small one, toward a more normal transactions market, after 2009 recorded the lowest number of transactions in the decade,” says Mark Obrinsky, chief economist for NMHC.

The Sales Volume Index reading was above 50 for the second consecutive quarter, indicating that sales volume around the country is increasing. (For all indexes, a reading above 50 indicates that, on balance, conditions are improving; a reading below 50 indicates worsening conditions; and a reading of 50 indicates that market conditions are unchanged.)

“The weakest performing index is the Market Tightness Index, underscoring the fact that full recovery of occupancy and rents will require job growth to return to the economy,” Obrinsky says. “When that happens, and as a large wave of Echo Boomers begins to enter a supply-constrained market, we should see above average rent growth.”

The Market Tightness Index’s reading of 38 indicates that vacancy and/or rent conditions deteriorated over the last quarter. The survey found that 30 percent of respondents said markets were looser – meaning higher vacancies and/or lower rents. Only 7 percent reported that markets were tighter.

Other survey findings included the Equity Financing Index reading of 66 – the highest reading for this index since April 2004 – which indicates that equity finance conditions continue to improve. One-third of survey respondents said equity financing was more available than last quarter.

Additionally, the Debt Financing Index was 49 for January 2010, indicating that conditions have changed very little from 3 months ago.

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

 
 


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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.
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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


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10/30/2014

Report shows healthy features and practices yield results.

10/29/2014

USGBC announces two more years to prepare for LEED v4.

10/28/2014

Current projects could replace up to 8% of the Army’s energy use.

10/27/2014

Report shows increased occupant engagement in offices with green features.

10/23/2014

Study shows seven key areas to increase worker engagement. 

10/22/2014

New rule aims to eliminate the production of HCFC refrigerants. 

10/21/2014

U.S. photovoltaic costs continue to decline.

10/20/2014

The EPA looks to help improve energy and air quality during educational facility renovations. 

10/17/2014

Agency says current regulations "don't protect worker health".

10/16/2014

Scientists have developed LED bulbs free of rare earth metals.

10/15/2014

Survey shows a decrease in employees coming to work sick.

10/14/2014

New efficiency ratings available for apartment units

10/10/2014

New code to increase commercial building efficiency.

10/09/2014

Take charge of your electricity bill with these quick tips.

10/08/2014

Illumination improvements take the top award for physics

10/07/2014

Study shows equipment improvements could boost efficiency. 

10/06/2014

New device integrates batteries into solar cell design.

10/03/2014

The switch to green products comes to healthcare facilities.

10/01/2014

Photovoltaic installations serve nearly 2.7 million students

09/30/2014

Incidence of fires and property loss down from 2012

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