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.

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.

New research shows renters accounted for nearly 80% of household growth in 2025, while the latest Beige Book points to a resilient but increasingly cautious US economy.