Consumer demand for apartments continued to rise in the third quarter, according to the National Multifamily Housing Council.
Conditions improved in terms of sales volume, as well as equity and debt financing for the construction of new multifamily units, the council said in a Friday
"Acquisition capital remains plentiful, although some respondents noted that development capital remains focused primarily on infill locations in central cities," Mark Obrinsky, chief economist at the NMHC, said in the release.
"For debt capital, lower Treasury yields have countered the rising spreads, leaving rates in a good place," he said.
More than twice as many respondents in the NMHC's October survey said that there is more construction activity in the multifamily space, as compared to those who said there is slowing activity.
