COMMERCIAL REAL ESTATE'S ECONOMIC ADVISORS

Notably, the number of moves is up 12.1% compared to the 2024 total, making it the largest annual increase since at least the turn of the century. Further, it is the first time that the number of moves increased in consecutive years since 2010.

The Administration considers a national housing emergency as residential markets send mixed signals.

On-time rental payments in independently operated units improved in September 2025 — offering hope that the sector is moving off its performance floor. According to this month’s first estimate, 83.1% of units paid their full rent on time — an increase of 58 basis points (bps) from August.

Interestingly, the Fed’s latest Summary of Economic Projections—released alongside today’s rate decision- lowers next year's interest rate forecast while raising its inflation forecast.

Tariffs face legal uncertainty, lumber and furniture tariffs may introduce fresh headwinds for housing, and the Fed prepares to cut rates.

A monthly summary of commercial real estate insights and analysis from Chandan Economics and our partners.

One in three US households (33.3%) has a school-age child. While the perception is that multifamily rentals mostly attract young, childless households, the reality is more nuanced. According to the 2023 American Community Survey, about 4.0 million multifamily households include a school-age child—roughly one in five of all multifamily households (18.3%).

The growing share of apartment renters playing catch-up on their monthly bills may speak to a broader undercurrent of distress.