COMMERCIAL REAL ESTATE'S ECONOMIC ADVISORS

This week’s Rental Housing Weekly Briefing examines renewed CPI inflation pressure alongside new analysis of the New York Fed’s SCE Housing Survey, which shows moving expectations falling to new lows.

According to the New York Fed’s 2026 SCE Housing Survey, just 21.7% of Americans expect to move within the next three years. Renters remain more mobile than homeowners, but moving expectations have fallen sharply across tenure, age, income, and education groups.

This week’s Rental Housing Weekly Briefing examines the latest Senior Loan Officer Opinion Survey alongside the April jobs report, highlighting stable multifamily credit conditions, improving borrower demand, and a cooling but resilient labor market.

April's jobs report had a muted effect on interest rate projections. Looking further out, however, markets are more split.

Housing insecurity levels in NYC exceed the national average, while racial disparities are wider.

NYC renters still pay far more than the national average, but the size of that premium has changed significantly over the past decade.

This week’s Rental Housing Weekly Briefing examines slowing multifamily rent growth alongside moderating home price appreciation, highlighting a housing market moving through a period of low growth and gradual rebalancing.

NYC rent growth remained stronger than the national trend in March, with Manhattan leading annual gains and momentum showing increasing divergence across boroughs.