COMMERCIAL REAL ESTATE'S ECONOMIC ADVISORS

Three takeaways from NMHC’s October 2026 survey: financing conditions deteriorated, apartment sales slowed, and rental conditions softened more modestly.

October 2026 rent collection trends show modest, uneven improvement: on-time payments reached 83.2%, up 68 basis points year over year for a third consecutive annual gain. Chandan Economics and RentRedi examine payment performance across rental housing property types and states.

US multifamily rent growth accelerated to 2.4% year-over-year in September 2026. Monthly gains remained above a 4% annualized pace, but easing momentum and narrowing market participation point to a more measured recovery.

Family formation, housing conditions, and employment are the leading reasons renters moved into their current homes in 2026, with differences between multifamily and single-family rental households.