COMMERCIAL REAL ESTATE'S ECONOMIC ADVISORS

US employers shed 23,000 jobs in July, missing consensus forecasts of a gain of 80,000 to 95,000 and the first monthly job loss since October 2025.

This week’s Rental Housing Weekly Briefing examines Trepp data showing that multifamily CMBS delinquency rose sharply in July, alongside Chandan Economics’ analysis of the Q2 2026 GDP report, which showed slower headline growth but stronger private demand and little relief for interest-rate expectations.

Thursday's GDP arrives just one day after the FOMC's July meeting, where policymakers voted 9-3 to hold rates steady, marking the most dissents at a single meeting in nearly a decade. Today's data sharpens the debate without resolving it.

This week’s Rental Housing Weekly Briefing examines NMHC’s July 2026 Quarterly Survey of Apartment Conditions, which shows apartment markets tightening even as sales activity and financing conditions softened, alongside the latest Chandan Economics–RentRedi data showing that mom-and-pop rent collections remain broadly stable despite modest summer weakening, and a Chandan Economics–Arbor Realty Trust analysis of US Census Bureau data showing that new multifamily supply is incr