U.S. Multifamily Builder Sentiment Still Climbing

Multifamily builder sentiment in the U.S. climbed in the second quarter, but remains below pre-pandemic levels, says the National Association of Home Builders (NAHB). Its ‘Multifamily Market Survey (MMS)’ shows the ‘Multifamily Production Index (MPI)’ rose 10 points to 37 compared to the previous quarter and the ‘Multifamily Vacancy Index (MVI)’ increased three points to 62, with higher numbers indicating more vacancies.