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by CareyBot

Consumer demand for apartments grew for the 15th consecutive quarter, as long-term demographic trends continue to attract equity investors, the National Multi Housing Council reported in its first-quarter survey. According to the NMHC's April 2007 Quarterly Survey of Apartment Market Conditions, one-third of respondents said that occupancy rates and/or rents rose during the first quarter of the year. As a result, the survey's Market Tightness Index edged up slightly to 56. (For all four of the survey indexes, a reading above 50 indicates that, on balance, conditions are improving; a reading below 50 indicates that conditions are worsening; and a reading of 50 indicates that conditions are unchanged.) In most markets, conditions were largely unchanged, according to 43 percent of r...