Builders Less Confident in Multifamily Market

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 · Capital Region Builders and Remodeler’s Association Vice president gregg biche, also the founder of home remodeling firm Quality PM in Delmar, said that the market.

WASHINGTON " Homebuilders’ confidence in the housing market has sunk to the lowest level in more than a year, fresh evidence that the economic recovery is slowing. The National Association of Home Builders said today its seasonally adjusted housing market index fell to 14 in July. It was the lowest level since March 2009.

Confidence in the multifamily housing market weakened in the third quarter, according to results from the Multifamily Market Survey (MMS) released today by the National Association of Home Builders (NAHB).

Builders remain confident — just not quite as much. On October 16, 2014, the National Association of Home Builders’ (NAHB) reported its NAHB/Wells Fargo Housing market index (hmi), which gauges homebuilders’ confidence in the housing outlook, dropped five points in September from its steady four-month gain and nine-year high over the summer.

The deepening recession and ongoing credit crunch continue to drag down builder confidence in many sectors of the construction industry. According to the latest results of the Multifamily Rental Market Index (MRMI) and Multifamily Condo Market Index (MCMI), released recently by the National Association of Home Builders (NAHB), Washington, D.C., the multifamily housing market

On the other hand, builder sentiment data for the 55+ multifamily market segment had its highest reading since the index was created in 2008, up 10 points to 64, HousingWire reports. The HMI is a survey of home builders which measures the housing market weighted on seasonally ingested high, average or low traffic.

Confidence in the multifamily housing market weakened in the third quarter, according to results from the Multifamily Market Survey (MMS) released today by the National Association of Home Builders. The Multifamily Market Survey is based on a quarterly survey of NAHB multifamily builders and property managers.

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