New Multifamily Production Index (MPI) and Multifamily Vacancy Index (MVI) numbers for Q2 indicate confidence levels are again the rise though vacancy rates follow suit. The Multifamily Production Index grew about 25% to 37 in the quarter but remains below the break-even point of 50. The MVI reached 62, signaling an increase in multifamily vacancies across the nation. July numbers bring a positive light to the sector as there were 467,000 authorizations for new 5+ unit buildings compared to 378,000 for June. We will continue to monitor the data and remain bullish on the sector as a whole.
A Strategy for Southeast Growth
Recently, our founder, Chris Lento, joined The Real Estate Espresso Podcast, hosted by Victor Menasce, to discuss his journey in multifamily real estate investing and