COMMERCIAL REAL ESTATE'S ECONOMIC ADVISORS

US multifamily rent growth accelerated again in July, with annual growth reaching 1.8%, monthly annualized growth rising to 4.0%, and market breadth improving further.

This week’s Rental Housing Weekly Briefing examines Yardi Matrix’s latest supply forecast, which projects multifamily completions falling to a 2027 low before stabilizing, alongside the Q3 2026 Arbor–Chandan Small Multifamily Investment Trends Report, where lending remains healthy even as narrow yield spreads continue to constrain pricing.

Despite CPI registering in line with expectations, futures market forecasts for the Fed's September interest rate decision moved meaningfully following the release.