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weaken in the second quarter compared with three months earlier. However, the slowing was not uniform across cities or industries. Weak employment growth in the service-producing sector continued to overshadow healthy job gains in the good-producing industry. Once again, job growth remained weak in the Memphis area’s largest industry.
Confidence in Apartment and Condo Housing Sectors Weakens in First Quarter of 2019 May 23, 2019 Confidence in the market for new multifamily housing weakened in the first quarter of 2019, according to results from the Multifamily Market Survey (MMS) released today by the National Association of Home Builders (NAHB).
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[With] apartment conversions. The average sales price of homes delivered in Q1’07 decreased 5% to $261,400 from $276,200 in Q1’06. In the U.S., the average sales price in the Q1’07 was down 8% to.
24 markets in Europe; 50 markets in the U.S; 22 markets in Asia Pacific Source: JLL, January 2017 Office rental momentum weakens At year-end the global office vacancy rate fell below 12% (to 11.9%) for the first time in this cycle, reaching its lowest level since Q3 2008.
Condo apartment construction reached a record 61,337 units as of the end of Q1-2018; An additional 37,389 new condo apartments were in the pre-construction marketing phase, of which a record 86% were pre-sold; New condo apartment sales totaled 4,219 units in Q1-2018, returning to more typical first quarter volume following a record 9,744 sales.
Multifamily Developer Confidence Weakens in Third Quarter. By Carmel Ford on November 21, 2017 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.
It would be the opposite of a vote of confidence in the recovery. In that case, expect doldrums in equities markets, a rally in Treasurys and the U.S. dollar to weaken. serious for condo builders.
Apartment and Condo Construction Sees Largest Rise Since Q4 of 2005.. "The apartment and condo sector continues to be a bright spot in the housing market, with the overall index at its highest level in six years," said NAHB Chief Economist David Crowe.. the MPI and MVI have performed well.