Apartment market debt and equity financing index U.S. 2016-2022

Financing conditions in the apartment market in the United States worsened in October 2022, according to the National Multifamily Housing Council's (NMHC) finance index. The index is a standard diffusion index and is based on a quarterly survey among NMHC members. A value over 50 indicates improving finance availability, while under 50, it shows that financing is becoming harder to obtain. In April 2019, the debt financing index reached its peak at 81 index points, meaning that debt financing conditions improved the most. In October 2022, the index stood at five index points, which was one of the lowest values observed.