The Multifamily Dispatch,
from J+G Companies

The Federal Reserve may have kept the federal funds rate steady last week, but inflation and interest rates remain in flux, with energy prices continuing to drive volatility in the stock market. This economic uncertainty could send investors toward resilient multifamily assets, but elevated interest rate expectations re-emphasize the importance of finding the right assets…

Recent data from the Consumer Price Index and Personal Consumption Expenditures showed that inflation remained stable, but the more recent conflict in the Middle East has injected a great deal of volatility and uncertainty into the economy. Multifamily, by sharp contrast, has remained its stable, albeit slightly subdued, performance in early 2026. On the investment…

Recent surveys of investor sentiment describe a slowly improving multifamily investment market where deals are easier to pencil and buyers are more confident. Apartment performance continues to gradually improve as well, and the stability of the apartment market has been particularly attractive to investors seeking stability. Multifamily investor sentiment is far from the heightened levels…

Apartment performance improved in February, and stability in the multifamily market sharply contrasts with persistent volatility in the broader economy. Rents are showing positive month over month growth, but the market continues to work through excess supply delivered over the past 3 years, limiting rent growth on a national level. Regionally, the story is much…

After years of low investment activity, the pressure to act is outweighing the ability to wait. Multifamily loan delinquencies are up, as are “hard” CMBS loan maturities that have no remaining extension options, both of which suggest a higher likelihood of distressed sales. While multifamily distress will lead to some select sales and buying opportunities…

Dramatic downward revisions to last year’s jobs numbers, along with continued lower inflation readings from the latest Consumer Price Index report, hit upon the Federal Reserve’s dual mandate of encouraging employment and reducing inflation. A revived rate cut cycle could create some particularly interesting dynamics in the multifamily market, which has spent the better part…

Reports from major data sources show stronger apartment rent growth and a shift away from the subdued, cooling rent growth pattern of late 2025. Slower supply growth is expected to bring improved multifamily performance this year, but the drop in new deliveries may not be as sharp as anticipated, suggesting that this will be another…

The Federal Reserve held rates steady last week, the economy remains as shaky yet resilient as it was in 2025, and apartment performance has continued at much the same pace as it did in 2025. Even this “Groundhog Day” feeling itself is the same as 2025 and 2024 in the multifamily market. However, it is…

Apartment supply growth is set to decline to the lowest levels since 2014, and this dramatic decline should bring meaningful improvements in apartment performance. While strong GDP numbers are a compelling reason for optimism, uncertainty about the economy has limited some forecasts of multifamily performance. Even so, improving affordability in the rental market, especially when…