Sales of newly built, single-family homes inched up 0.2 percent in September to a seasonally adjusted annual rate of 467,000 units, the highest level in six years, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. Sales numbers for August were revised down from 504,000 to 466,000. More.
The Multifamily Production Index (MPI), released today by the National Association of Home Builders (NAHB), increased five points to 58, which is the tenth consecutive quarter with a reading of 50 or above.
The Multifamily Vacancy Index (MVI), which measures the multifamily housing industry's perception of vacancies, increased one point to 38, with lower numbers indicating fewer vacancies.