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  • Multifamily Developer Confidence Weakens in Third Quarter

    The National Association of Home Builders’ (NAHB) Multifamily Production Index (MPI) dropped 10 points to 46 in the third quarter of 2017 (Figure 1). This quarter marks the lowest MPI reading since the second quarter of 2011. The MPI measures builder a…

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  • Townhouse Construction Growth Continues

    According to NAHB analysis of the most recent Census data of Starts and Completions by Purpose and Design, townhouse construction starts continue to post gains. Over the last four quarters ending with the third quarter of 2017, townhouse starts totaled…

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  • Core Inflation Ticks Up

    The Bureau of Labor Statistics reported that prices faced by urban consumers rose by 0.1 percent over the month of October, slowing down from the 0.5 percentage point increase in September and the 0.4 percentage point rise in August. Over the past year…

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