COMMERCIAL REAL ESTATE'S ECONOMIC ADVISORS

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.

This week’s Rental Housing Weekly Briefing examines the Fed’s latest Senior Loan Officer Opinion Survey, which shows multifamily underwriting standards continuing to normalize even as borrower demand remains soft, alongside Yardi Matrix data showing modest national rent growth and improving short-term momentum across several previously weak apartment markets.

US employers shed 23,000 jobs in July, missing consensus forecasts of a gain of 80,000 to 95,000 and the first monthly job loss since October 2025.

Tepid shifts in cost-burden levels can conceal sharper increases in severe cost burdens, proving the topline number doesn't always capture concentrated distress.

This week’s Rental Housing Weekly Briefing examines Trepp data showing that multifamily CMBS delinquency rose sharply in July, alongside Chandan Economics’ analysis of the Q2 2026 GDP report, which showed slower headline growth but stronger private demand and little relief for interest-rate expectations.

Thursday's GDP arrives just one day after the FOMC's July meeting, where policymakers voted 9-3 to hold rates steady, marking the most dissents at a single meeting in nearly a decade. Today's data sharpens the debate without resolving it.

This week’s Rental Housing Weekly Briefing examines NMHC’s July 2026 Quarterly Survey of Apartment Conditions, which shows apartment markets tightening even as sales activity and financing conditions softened, alongside the latest Chandan Economics–RentRedi data showing that mom-and-pop rent collections remain broadly stable despite modest summer weakening, and a Chandan Economics–Arbor Realty Trust analysis of US Census Bureau data showing that new multifamily supply is incr

The July 2026 Independent Landlord Rental Performance Report from Chandan Economics and RentRedi shows modest summer softening in rent collections, though the broader stabilization trend remains intact. On-time payments edged lower again in July, while full-payment resolution remained broadly stable and late-payment activity, though improved from its early-2026 peak, remained historically elevated.