NAA Industry Insider: Apartment and Condo Production Shows Growth in Q1

Production of apartments and condominiums registered gains in the first three months of the year, according to the National Association of Home Builders. The group's Multifamily Production Index (MPI) bumped up three points to 53. Any reading of 50 or higher signifies that builders see market conditions improving rather than worsening, and the latest score represents the ninth quarter in a row that the index has held above this threshold.

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