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National Multifamily Housing CouncilReport

NMHC Quarterly Survey of Apartment Conditions (January 2026)

The January 2026 survey reported updated readings across the Market Tightness, Sales Volume, Equity Financing and Debt Financing indices, gauging apartment market conditions at the start of the year.

MultifamilyCapital MarketsU.S. National
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NMHC Quarterly Survey of Apartment Conditions (April 2025)

The Market Tightness Index came in at 52, above the breakeven level of 50 for the first time since July 2022, indicating tighter conditions such as lower vacancies and higher rent growth.

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National Multifamily Housing Council

NMHC Quarterly Survey of Apartment Conditions (January 2025)

All four indices came in below the breakeven level of 50: Market Tightness at 40, Sales Volume at 41, Equity Financing at 48 and Debt Financing at 32, signaling looser conditions and reduced deal flow to start the year.

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Commercial and Multifamily Mortgage Debt Outstanding Crosses $5 Trillion in First-Quarter 2026

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