Multifamily Production Index Down 10 Points – NMP Skip to main content

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
Published
Nov 27, 2017
Strong Jobs Report Threatens Mortgage Rate Rally

October hiring more than doubled expectations, pushing Treasury yields higher

Nov 06, 2026
Fed Holds Rates, But Pricing Pressures Persist

Rising Treasury yields and fresh inflation data complicate rate locks, borrower qualification, and lender margins as markets anticipate another hike in December

Oct 29, 2026
Zippy Adds Capital For Manufactured-Home Lending Push

The $20 million investment from Saluda Grade will support expansion beyond 27 states and new loan products across wholesale, retail, and community channels

Oct 16, 2026
Inflation Hits 3.7%, Putting Mortgage Rate Relief At Risk

September’s inflation pickup puts recent rate improvements at risk, potentially eroding affordability gains from lower home prices and seller concessions

Oct 14, 2026
PLACE Acquires Ardley, Expanding Push To Turn Existing Borrowers Into New Loans

The latest deal connects borrower retention technology with Maxwell's origination platform and PLACE's real estate network, creating new opportunities for lenders

Oct 09, 2026
Equifax, TransUnion Launch New Tools To Cut Credit Report Costs

Both bureaus introduce ways to purchase credit scores separately from reports, while Equifax reports growing VantageScore adoption and extends $1 pricing through 2028

Oct 09, 2026