According to the National Association of Home Builders latest Multifamily Market Survey, U.S. market confidence for new multifamily housing increased in the first quarter of 2021.. Smart About Real Estate. The report showed the NAHB/Wells Fargo Housing Market Index came in at 83 in May, unchanged from April. See why thousands of real estate pros count on Inman News everyday. Meanwhile, the National Association of Home Builders released a separate report showing homebuilder confidence in the U.S. held stable in the month of May. The national year-over-year gain is the highest recorded since February 2006, Craig Lazzara, managing director and global head of index investment strategy at S&P Dow Jones Indexes, said in a press release. Builder confidence was steady in May, carrying over April’s reading of 83 for another month, according to the most recent National Association of Home Builders/Wells Fargo Housing Market Index. "Low interest rates are supporting housing affordability in a market where the cost of most materials is rising," said NAHB Chief Economist Robert Dietz. The Multifamily Production Index (MPI) increased eight points to 51 compared to the previous quarter. The Industry news and trends you need to stay ahead. The unchanged reading matched economist estimates. Local Members of the GBAHB and NAHB Going to Washington, D.C., Wednesday to Meet With Representatives About Rising Lumber Prices PRESS RELEASE PR … Another home price index shows double digit annual price increases, this time for March, and the CoreLogic HPI also has the highest month-over … "In … The plunge in homebuilding reported by the Commerce Department on Tuesday was concentrated in the single-family housing market segment. The MMS produces two separate indices. The steady score came despite increasing concerns over the cost and availability of building materials, lumber in particular, the NAHB said in a release .
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