What are the Multifamily Market Indexes (MCMI and MRMI)?
NAHB began producing the NAHB-Fannie Mae Multifamily (Rental and Condo) Market Indices in the fourth quarter of 2002. The Multifamily Market Indexes are Diffusion Indexes – calculated as [(High – Low) + 100]/2. Data are NOT seasonally adjusted. MRMI data are derived from ratings of multifamily starts and multifamily rental occupancy (both present and expected) and apartments available for rent, volume of calls from prospective renters, and asking or effective rent. The scale is from 1 to 100, with a rating of 50 generally indicating that the number of positive or good responses received from builders and property managers are about the same as the number of negative or poor responses. For more details, visit www.nahb.org/MMI.
