CPI is the last major data release before the FOMC convenes on September 15–16, amid increasingly hawkish projections for its upcoming interest rate decision.

This week’s Rental Housing Weekly Briefing examines the August jobs report, where stronger-than-expected payroll growth and upward revisions to prior months improved the near-term employment picture but reinforced upward pressure on interest rates, alongside a new Chandan Economics–Arbor Realty Trust analysis showing that build-to-rent construction remains elevated despite moderating from its 2024 peak.

August’s stronger-than-expected job gains, on top of the June and July revisions, give hawks additional fodder for the September meeting.

This week’s Rental Housing Weekly Briefing examines the latest Chandan Economics–RentRedi data showing continued stabilization in mom-and-pop rent collections, with on-time payments improving in August and year-over-year performance strengthening, alongside new Trepp analysis showing that multifamily expense growth cooled in 2025 even as revenue and NOI growth also slowed.

The August 2026 Independent Landlord Rental Performance Report from Chandan Economics and RentRedi shows further signs of stabilization across independently operated rental properties. On-time payments improved to 83.2%, year-over-year performance strengthened materially, and multifamily properties drove much of the monthly rebound.

This week’s Rental Housing Weekly Briefing examines Chandan Economics’ latest Multifamily Rent Growth Update, where annual and short-term rent growth both accelerated in July and a larger share of US metro areas recorded rising rents, alongside new Census data showing that multifamily housing starts remained volatile even as the underlying development trend held relatively firm.

This week’s Rental Housing Weekly Briefing examines Yardi Matrix’s latest supply forecast, which projects multifamily completions falling to a 2027 low before stabilizing, alongside the Q3 2026 Arbor–Chandan Small Multifamily Investment Trends Report, where lending remains healthy even as narrow yield spreads continue to constrain pricing.

Despite CPI registering in line with expectations, futures market forecasts for the Fed's September interest rate decision moved meaningfully following the release.

This week’s Rental Housing Weekly Briefing examines the Fed’s latest Senior Loan Officer Opinion Survey, which shows multifamily underwriting standards continuing to normalize even as borrower demand remains soft, alongside Yardi Matrix data showing modest national rent growth and improving short-term momentum across several previously weak apartment markets.

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 increasingly concentrate

The July 2026 Independent Landlord Rental Performance Report from Chandan Economics and RentRedi shows modest summer softening in rent collections, though the broader stabilization trend remains intact. On-time payments edged lower again in July, while full-payment resolution remained broadly stable and late-payment activity, though improved from its early-2026 peak, remained historically elevated.

This week’s Rental Housing Weekly Briefing examines the CREFC Board of Governors Sentiment Index, which shows CRE finance sentiment stabilizing after a sharp first-quarter pullback, alongside Chandan Economics’ latest Multifamily Rent Growth Update, where rent growth strengthened in June and a larger share of US metro areas recorded rising rents.from-home renters have become less rent-burdened since 2020.

CPI has its sharpest single-month decline since the height of the COVID-19 pandemic, significantly reducing the likelihood of a July rate hike.

This week’s Rental Housing Weekly Briefing examines RealPage data showing that apartment demand and occupancy improved in the second quarter as new supply continued to pull back, alongside Trepp analysis showing that Sun Belt multifamily credit stress remains elevated but more nuanced than headline regional comparisons suggest, and Chandan Economics research on why work-from-home renters have become less rent-burdened since 2020.

This week’s Rental Housing Weekly Briefing examines NMHC’s June 2026 Quarterly Survey of Apartment Construction & Development Activity, which shows a multifamily development market that remains broadly stable but constrained, alongside the June jobs report, which points to renewed labor market softness and a still-restrictive interest rate outlook for rental housing.

June’s jobs report softens the likelihood of a near-term rate hike as the labor market’s sluggishness comes back into view.

This week’s Rental Housing Weekly Briefing examines renewed pressure in apartment property valuations alongside Chandan Economics-RentRedi data showing that mom-and-pop rent collections are stabilizing, though late-payment activity remains elevated.

The June 2026 Independent Landlord Rental Performance Report from Chandan Economics and RentRedi shows rent collections stabilizing, though the recovery has become more uneven. On-time payments were little changed from May, late-payment pressure turned higher again, and full-payment resolution remained relatively firm.

This week’s Rental Housing Weekly Briefing examines signs of stabilization in multifamily rent growth, the latest Arbor-Chandan single-family rental investment trends, and a sharp pullback in multifamily housing starts.

This week’s Rental Housing Weekly Briefing examines the May CPI report’s impact on the interest rate outlook alongside Federal Reserve Z.1 data showing continued growth in multifamily mortgage debt.

Many current development targets require rates to fall, which the market is no longer expecting.