COMMERCIAL REAL ESTATE'S ECONOMIC ADVISORS

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.

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