Industry News

Multi-family real estate markets gain strength

National association shows improving conditions

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After years of flat rent growth and increasing vacancy rates, conditions in the apartment industry continue to recover, according to the National Multi Housing Council's latest quarterly survey of apartment market conditions.   The survey's indexes measure changes in occupancy rates, sales volume, availability of equity and debt market conditions between October 2004 and January 2005. For the second quarter in a row–and only the third time in the survey's nearly six-year history–all four indexes showed improving conditions compared with three months earlier.   "The transactions market continues to sizzle as more and more investors look to acquire apartment properties," noted NMHC Chief Economist Mark Obrinsky. "Powerful demographic trends make this a favored sector over the next five to 10 years, and the outlook is improving for the near term as well."   Highlights of the survey included:   The Market Tightness Index, which reflects changes in vacan...