Across the country, apartment demand surpassed supply in June for the first time since 2021.

A shrinking speculative pipeline and greater BTS balance should help keep the vacancy rate increases modest.

Forward-looking organizations are revising capital plans and implementing flexible approaches.

Limiting assistance may hurt working families with children, but could expand voucher access for others.

Completions totaled 108,200 units from April to June, well below Q3 2024, when 159,000 units were delivered.

New York and Sunbelt markets lead in Q2 office demand.

Rent growth was strongest in the Midwest, while the Sunbelt and mountain regions remained negative.

Although rent growth is accelerating, it remains below both inflation and average wage growth.