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Tuesday, October 22, 2019

NMHC: Apartment Market Tightness Index indicates tighter conditions in October

by Calculated Risk on 10/22/2019 04:28:00 PM

The National Multifamily Housing Council (NMHC) released the data for the October report: NMHC Quarterly Survey of Apartment Conditions (October 2019)

The Market Tightness Index decreased from 60 to 54. Any reading above 50 indicates tighter conditions from the previous quarter.

This indicates tighter market conditions for the third straight quarter.

Apartment Tightness Index
Click on graph for larger image.

This graph shows the quarterly Apartment Tightness Index. This indicates market conditions were tighter over the last quarter.

This is the third consecutive reading over 50, following thirteen consecutive quarterly surveys indicating looser conditions.