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.

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