NAHB: Confidence Soars Among Multifamily Developers

hamilton-zanze September 06, 2013

Overall confidence in the apartment market, as measured by the National Association of Home Builders (NAHB), rose to an all-time high in the second quarter. The NAHB index came in at 61, its highest level since the agency began tracking confidence among builders and developers in 2003. A rating of 50 is considered neutral. NAHB Chief Economist David Crowe explains: ”Much of the consumer demand that we are now seeing is coming from a large generation of young people who are able to find jobs and establish their own households as the economy continues to improve.”