US apartment rental vacancies tighten

[yoganmahew]

calculatedriskblog.com/2010/ … arket.html

From the National Multi Housing Council (NMHC): Across-the-Board Improvement in the Apartment Industry, According to NMHC Quarterly Survey of Apartment Market Conditions

The Market Tightness Index, which measures changes in occupancy rates and/or rents, decreased from 83 to 77, but remained well above the “break-even” mark of 50. Sixty percent of respondents said markets were tighter, meaning lower vacancies and/or higher rents.

This is interesting for a couple of reasons. One is the obvious that apartment rentals may be tightening, although the suspicion must remain that forclosuregate is simply preventing movement.

The other is the graph itself. With Daft and Myhome having a pretty good corner in the market for rentals (I think?), it should be possible to build similar a similar sort of index for places in Ireland? (The larger cities anyway). While we don’t have a median an average point might do the trick?