October 2014

Median condo and co-op sales prices rose to $215,700 in June, according to the National Association of Home Builders (NAHB).

Click here for more multifamily market statistics from the August 2014 issue of MHN.

 

Median existing condo and co-op sales prices, measured on a non-seasonally adjusted basis, rose to $215,700 in June, according to the National Association of Home Builders (NAHB).

Housing starts of buildings with five or more units, measured at a seasonally adjusted annual rate, fell by 11.3 percent during the month to 305,000 units. Five or more unit housing starts in June 2014, measured at a seasonally adjusted annual rate, now exceed its 2000 to 2007 average of 301,000 units by 1.4 percent, according to NAHB.

Meanwhile, maintenance and repair prices grew by 1.8 percent in June compared to the same period a year ago.

Multifamily total investment returns tracked by the National Council of Real Estate Investment Fiduciaries increased from 2.21 to 2.41 percent in the second quarter.