Bank recently released its Skyline Reports on commercial and multifamily real estate in Northwest Arkansas for the last six months of 2015.
A reading of 42 is seen as a healthy number for the multifamily market. "Multifamily builders and developers are reporting solid demand around the country, as shown in the vacancy rate for the first quarter," said Steve Lawson, president of The Lawson Companies in Virginia Beach, Va., and chairman of NAHB’s Multifamily Council.
Single-family housing starts fell 0.4% in February to a 785,000-unit pace, while multifamily. continues to report strong demand for new and existing units. Renewals are running high throughout most.