U.S. Apartment Market Steady

U.S. Apartment Market Steady

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WASHINGTON, D.C.-- Apartment Market Conditions remain steady according to the Washington, D.C. based National Multi Housing Council.

Market conditions in the apartment industry nationwide have changed very little from November of last year, according to the National Multi Housing Council's latest Quarterly Survey of Apartment Market Conditions.

This is the first time ever in the Councils survey history, at least 60 percent of the responses to the market questions revealed that conditions had not changed from the previous quarter. NMHC survey indicated that one-third of Americans rent their housing, and over 14 percent live in a rental apartment.

The Debt Financing Index was 49 for January 2010, indicating that conditions have changed very little from three months ago.  While the apartment sector is still benefiting from the mortgage programs of Fannie Mae and Freddie Mac, the commercial mortgage-backed securities market remains dormant and bank lending activity remains slow.

The January 2010 Quarterly Survey of Apartment Market Conditions was conducted January 19-26, 2010; sixty-nine CEOs and other senior executives of apartment-related firms nationwide who serve on NMHC's Board of Directors or Advisory Committee responded.

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