Dive summary:

• The National Association of Home Builders' Multifamily Production Index for the second quarter of the year came in at 61 on its 100-point scale, and that is as high as it has been in the index's 10-year history.
• Any number over 50 shows more builders and developers see conditions improving, and that was the case for all of the index's components as well: market-rate apartments were at 67, low-income at 60 and condominiums at 58.
• A second measure NAHB compiles, the Multifamily Vacancy Index, was at 42 in the second quarter, up four points from the first quarter but still indicating that people answering the survey questions are not worried about the market drying up.

From the article:

"Multifamily developer confidence is currently at an all-time high according to our survey results, and we expect to see that continue for the foreseeable future," said W. Dean Henry, CEO of Legacy Partners Residential in Foster City, Calif.,  ...