Multifamily Developer Confidence Reflected Mixed Results in the Fourth Quarter

“Multifamily developers are slightly less pessimistic than they were at this time last year, but supply-chain problems and high interest rates remain serious barriers to a stronger market,” said Tom Tomaszewski, president of The Annex Group and chairman of NAHB’s Multifamily Council. “Occupancy rates for owners of rental properties have remained solid, although they are struggling with high operating costs.”