The apartment industry has enjoyed its fifth consecutive quarter of uninterrupted growth, according to the latest results of the National Multi Housing Council (NMHC) Quarterly Survey of Apartment Market Conditions.

The report proves that optimism continues for the multifamily industry. The findings reflect a gradual recovery for the multifamily sector that faced a 50-year low in apartment starts in 2009.

“Market conditions improved across the board, even from the rather strong level of three months ago,” said NMHC Chief Economist Mark Obrinsky. “Demand for apartment residences – and apartment properties – continues to grow. [FULL ARTICLE]