NMHC's Mark Obrinsky Obrinsky notes that “occupancy rates remain close to historic highs.”

WASHINGTON, DC—As first-quarter rebounds in sentiment go, it wasn’t the sprightliest on record. The National Multifamily Housing Council said Thursday that all four indexes of its latest Quarterly Survey of Apartment Market Conditions, conducted earlier this month among 140 senior executives of apartment-related firms, remained below the break-even level of 50 for the third consecutive quarter, although all four represented an improvement over the previous survey.