A growing group of policymakers is questioning whether interest rates are restrictive enough, adding uncertainty for commercial real estate borrowers.

Final project costs are already running about 5% above last year, and JLL expects the gap between material and bid prices to close during the second half of 2026.

Altus Group finds dollar volume increased 11.3% from the first quarter as several sectors shifted toward bigger transactions.

Second-quarter starts increased 5% year over year, with NAHB analysis pointing to smaller metros and lower-density markets.