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Multifamily Stock Index Poised for Record High

The stocks of publicly traded companies whose primary business is multifamily housing continue to outpace the market as a whole and are poised to end the year at record high levels, according to NAHB’s Multifamily Stock Index, which was released at the end of last year.

“Multifamily stocks have outperformed the S&P 500 over the past 12 months as well as over the last four years,” noted Elliot Eisenberg, a housing policy economist at NAHB and creator of the index.

“Investors are looking at multifamily companies as good long-term investments,” he said, “and despite some weakness in the rental market over the past two years, these stocks continue to perform very well.”

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Over the past 12 months the index, which tracks the total returns (including capital gains and dividends) of 28 publicly traded firms principally involved in the ownership and management of apartments, has climbed steadily, reaching a record high of 1730 on the index in December. This translates into a 20% gain in returns for multifamily stocks this year, compared to the 15% gain for the market as a whole as reflected by the S&P 500 with dividends reinvested.

For more information on the Multifamily Stock Index, e-mail Ann Marie Moriarty or call her at 800-368-5242 x8350.
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