The NAHB’s Multifamily Market Survey reveals year-over-year drops for both the production and occupancy indices.
The NAHB Multifamily Council chair advocates for affordable housing solutions and addresses key industry issues.
Multifamily construction faces challenges with increased supply coming online and lower starts, but the industry seems poised to weather the looming dip in deliveries.
Higher interest rates and tighter lending conditions weigh on developers.
In coming years, America faces a shortfall of affordable apartments in the millions; current market failure in the lumber industry is making solutions nearly impossible.