COMMERCIAL REAL ESTATE'S ECONOMIC ADVISORS

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

As we approach the end of 2025, major policy developments in Washington—from defense negotiations to the ongoing FY 2026 budget fight—will have significant implications for housing policy.

As voters seek solutions to affordability, the ongoing shutdown increases the risk of a cascading impact on housing development and security.

The protracted government shutdown squeezes housing programs, 'data fog' creates a conundrum for the Fed, and a US-China trade truce offers cautious optimism to developers.