Why it matters
The NMHC survey is the multifamily-specific complement to SLOOS — a four-dimension diffusion read on market tightness, sales pace, equity availability, and debt availability. It updates quarterly and historicals back to 1999 are available in Excel.
How CRE teams consume it
Quarterly — scrape the web table; Excel historical for time-series analysis.
Caveats & limitations
Multifamily-only. Diffusion measure — directional, not absolute.
Use cases
- Multifamily cycle positioning
- Apartment investor sentiment
- Macro briefings