{"id":1004164948,"date":"2017-01-24T06:56:07","date_gmt":"2017-01-24T14:56:07","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004164948"},"modified":"2022-12-07T01:48:19","modified_gmt":"2022-12-07T09:48:19","slug":"economy-watch-apartment-markets-slowing-down","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/economy-watch-apartment-markets-slowing-down\/","title":{"rendered":"Economy Watch: Apartment Markets Slowing Down"},"content":{"rendered":"<p>By Dees Stribling, Contributed Editor<\/p>\n<div id=\"attachment_1004164951\" style=\"width: 260px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/01\/Mark-Obrinsky-Sept-2016.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004164951\" data-attachment-id=\"1004164951\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/economy-watch-apartment-markets-slowing-down\/mark-obrinsky-sept-2016\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/01\/Mark-Obrinsky-Sept-2016.jpg\" data-orig-size=\"250,250\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;6.3&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;Canon EOS 5D Mark III&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1473757223&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;100&quot;,&quot;iso&quot;:&quot;160&quot;,&quot;shutter_speed&quot;:&quot;0.00625&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Mark Obrinsky Sept 2016\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Mark Obrinsky, NMHC&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/01\/Mark-Obrinsky-Sept-2016.jpg?w=250\" class=\"size-full wp-image-1004164951\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/01\/Mark-Obrinsky-Sept-2016.jpg\" alt=\"Mark Obrinsky, NMHC\" width=\"250\" height=\"250\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/01\/Mark-Obrinsky-Sept-2016.jpg 250w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/01\/Mark-Obrinsky-Sept-2016.jpg?resize=150,150 150w\" sizes=\"auto, (max-width: 250px) 100vw, 250px\" \/><\/a><p id=\"caption-attachment-1004164951\" class=\"wp-caption-text\">Mark Obrinsky, NMHC<\/p><\/div>\n<p>Apartment markets aren&#8217;t quite as hot as they used to be, according to the National Multifamily Housing Council&#8217;s quarterly survey released this month. All four of the survey&#8217;s indexes remained below the break-even level of 50 for the second quarter in a row: Market Tightness, Sales Volume, Equity Financing and Debt Financing.<\/p>\n<p>The Market Tightness Index dropped three points to 25, which was the fifth consecutive quarter of declining conditions and the lowest in more than seven years, the NMHC noted. More than\u00a0half (58 percent) of respondents reported looser conditions from three months ago, compared with\u00a0only 8 percent who reported tighter conditions.<\/p>\n<p>The Sales Volume Index fell sharply from 42 to 25, meaning lower overall sales volume for the second quarter in a row. Only 5 percent of respondents reported higher sales during the three months before the survey, compared with\u00a055 percent that reported lower sales.<\/p>\n<p>The Equity Financing Index remained unchanged at 33, marking the fifth consecutive quarter of the same or declining conditions. The Debt Financing Index declined 24 points to 14. Almost three-quarters of respondents (74 percent) reported worse borrowing conditions than in the three months before, while a scant 1 percent reported improved conditions.<\/p>\n<p>\u201cWeaker conditions are evident across all sectors as the apartment industry adjusts to changing conditions,\u201d said NMHC Chief Economist Mark Obrinsky. \u201cRising supply\u2014particularly during a seasonally weak quarter\u2014 is causing rent growth to moderate in many markets. The underlying demand for apartment residences remains strong, however. As long as the job market continues its steady expansion, any local supply overshoots should be manageable.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>All four indexes in the NMHC&#8217;s quarterly survey released this month were below the break-even level of 50, indicating weaker conditions in the multifamily industry.<\/p>\n","protected":false},"author":1023,"featured_media":1004164951,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[23891,21742],"tags":[33610],"class_list":["post-1004164948","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national","category-latest","tag-national-multifamily-housing-council"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Economy Watch: Apartment Markets Slowing Down - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/economy-watch-apartment-markets-slowing-down\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Economy Watch: Apartment Markets Slowing Down\" \/>\n<meta property=\"og:description\" content=\"All four indexes in the NMHC&#039;s quarterly survey released this month were below the break-even level of 50, indicating weaker conditions in the multifamily industry.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/economy-watch-apartment-markets-slowing-down\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2017-01-24T14:56:07+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-07T09:48:19+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/01\/Mark-Obrinsky-Sept-2016.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"250\" \/>\n\t<meta property=\"og:image:height\" content=\"250\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Dees Stribling\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-apartment-markets-slowing-down\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-apartment-markets-slowing-down\\\/\"},\"author\":{\"name\":\"Dees Stribling\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/dc1e9fa4ee0430d86f8e60cd697c953c\"},\"headline\":\"Economy Watch: Apartment Markets Slowing Down\",\"datePublished\":\"2017-01-24T14:56:07+00:00\",\"dateModified\":\"2022-12-07T09:48:19+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-apartment-markets-slowing-down\\\/\"},\"wordCount\":276,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-apartment-markets-slowing-down\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2017\\\/01\\\/Mark-Obrinsky-Sept-2016.jpg\",\"keywords\":[\"National Multifamily Housing Council\"],\"articleSection\":[\"National\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-apartment-markets-slowing-down\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-apartment-markets-slowing-down\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-apartment-markets-slowing-down\\\/\",\"name\":\"Economy Watch: Apartment Markets Slowing Down - 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