Multifamily Production Index Down 10 Points – NMP
Industry News

Multifamily Production Index Down 10 Points

Nov 27, 2017
The National Association of Home Builders’ (NAHB) Multifamily Production Index (MPI) fell 10 points to 46 in the third quarter, its lowest reading since the second quarter of 2011

The National Association of Home Builders’ (NAHB) Multifamily Production Index (MPI) fell 10 points to 46 in the third quarter, its lowest reading since the second quarter of 2011.
 
Two of the MPI’s three components were down in the third quarter: market-rate rental units and for-sale units both fell 17 points to 43 and 40, respectively, while low-rent units saw a one-point uptick to 54. Separately, the NAHB’s Multifamily Vacancy Index (MVI) increased three points to 41, with lower numbers indicating fewer vacancies. The MVI peaked at 70 in the second quarter of 2009.
 
“Multifamily production had been quite strong, although it slowed down in the past three months,” said NAHB Chief Economist Robert Dietz. “And with approximately 600,000 units in the pipeline, builders and developers are taking a cautious approach until they see how the market absorbs these units when they come online.”
 
About the author
Phil Hall
Link copied
Published
Nov 27, 2017
Get the NMP Daily
Analysis and Data
World Cup Tickets Outpace Mortgage Payments

Monthly mortgage payments have become the new yardstick for sticker shock

For some World Cup fans, the cost of one seat has climbed into mortgage-payment territory.The World Cup kicks off Thursday in Mexico City, opening a six-week tournament across 16 North American host cities. FIFA expects the event to draw between 5 million and 6 million fans,...

Continue reading
Industry News
President Trump Cancels 21st Century ROAD To Housing Act

Trump cancels signing the bipartisan housing bill, leaving affordability package in limbo

President Donald Trump abruptly canceled Wednesday’s planned signing of the 21st Century ROAD to Housing Act, throwing the future of a sweeping bipartisan housing affordability package into uncertainty just hours before it was expected to become law.“Today’s Housing News Con...

Continue reading
Renew your NMLS License — for free.

Enjoy access to a free NMLS renewal class when you attend an in-person event.

Find an event
More from
Industry News
President Trump Cancels 21st Century ROAD To Housing Act

Trump cancels signing the bipartisan housing bill, leaving affordability package in limbo

Industry News
Jun 24, 2026
Commercial, Multifamily Mortgage Debt Tops $5 Trillion In Q1

MBA says outstanding debt grew by $26.3 billion in the first quarter, led by multifamily lending and increased holdings from banks, agencies, and life insurers

Industry News
Jun 18, 2026
Fed Holds Rates Steady, But Outlook Dims For Mortgage Rate Relief

The Federal Reserve left rates unchanged but updated projections show more policymakers expecting additional hikes

Industry News
Jun 18, 2026
Congress Nears Final Vote On 21st Century ROAD to Housing Act

Senate voted 87-8 to advance House-amended package, with final votes expected in coming days

Industry News
Jun 17, 2026
Florida Pending Sales Signal Strong Summer Housing Market

Closed sales rise for a ninth straight month as inventory gives buyers more negotiating power

Industry News
Jun 16, 2026
Trump Taps Former CFPB Deputy Brian Johnson To Lead Bureau

MBA backs the nomination as lenders await clarity on the future direction of consumer finance regulation under the Trump administration

Industry News
Jun 12, 2026