This is a narration of our weekly Rent and Operating Trends Report.U.S. retail sales accelerated in October after three consecutive months of mixed results. On a seasonally adjusted basis, retail sales increased 1.3%, providing further support that the American consumer remains well capitalized and willing to spend.Tune in to find out more information on multifamily dynamics during the week of November 20th.

This is a narration of our weekly Rent and Operating Trends Report.The US midterm elections will result in a split congress with Democrats maintaining control of the Senate while Republicans will likely win a narrow majority in the House. As a result, I do not expect any sweeping legislation in the next two years, but as President Biden has intimated, there will hopefully be some bipartisan resolution and progress in policy making.Tune in to find out more information on multifamily dynamics during the week of November 13th.

This is a narration of our weekly Rent and Operating Trends Report.The U.S. economy received another positive sign last Friday, as the October jobs report once again outperformed expectations. While the overall number of new jobs added was the lowest since the end of 2020, the 261,000 new positions exceeded analyst expectations.Tune in to find out more information on multifamily dynamics during the week of November 6th.

This is a narration of our weekly Rent and Operating Trends Report.The US economy bounced back in the third quarter, posting growth for the first time this year. After two-quarters of negative growth, which sunk the US economy into a technical recession, GDP increased by 2.6% on an annual basis.Tune in to find out more information on multifamily dynamics during the week of October 30th.

This is a narration of our weekly Rent and Operating Trends Report.Inflationary pressures remain the most important topic in the U.S. economy and this week we will have a glimpse into how higher prices are impacting consumer and corporate spending, as earnings will be released for the largest tech-companies.Tune in to find out more information on multifamily dynamics during the week of October 23rd.

This is a narration of our weekly Rent and Operating Trends Report. The persistent inflation that has made headlines throughout 2022 refuses to subside, as the recent September price increases showed more generational growth. This time it was core CPI, a measure that removes food and energy prices, which tend to be more volatile. Core CPI increased by 6.6%, its largest annual growth in more than 40 years. Tune in to find out more information on multifamily dynamics during the week of October 16th.

This is a narration of our weekly Rent and Operating Trends Report. The employment market may finally be catching up with the rest of the economic slowdown, as the September jobs report missed estimates. While 263,000 new jobs were added to the economy, estimates called for 275,000. The unemployment rate dropped to 3.5% but the decline was due to a lower labor force participation rate, another sign of potential weakness in the job market. Employment remains the strongest aspect of the economy, but it may be losing its shine, which would align with the weakness seen across the broader market. The tech-heavy NASDAQ hit a two year low on Monday, and other major equity indices continue to trade lower. Interestingly enough, softer job growth could indicate to the Fed that their monetary tightening is working and may lead to slower interest rate increases down the road. The more significant indicator however will be the September CPI number, set to be released on Thursday. Tune in to find out more information on multifamily dynamics during the week of October 9th.

This is a narration of our weekly Rent and Operating Trends Report. The third quarter ended on a rather bleak note, as the final estimate of Q2 GDP showed negative growth once again. While we have known that the economy has been in a technical recession for some time, last week’s read serves as confirmation of the shrinking economy. And while we won’t likely see a drastic decline in growth this quarter, I anticipate another modestly negative growth rate when the first estimate of Q3 GDP is released at the end of October. All signs continue to point to a slow grind, as interest rates rise, and global demand appears to weaken. Tune in to find out more information on multifamily dynamics during the week of October 2.

This is a narration of our weekly Rent and Operating Trends Report. The U.S. economy is now firmly playing defense as additional fundamental weaknesses emerge. Major equity indices have fallen back into bear market territory, and GDP will likely remain negative when the final estimate of second quarter economic growth is released on Thursday. Job growth and consumer and corporate balance sheets remain a few of the only strengths in the economy, and as inflation persists, consumer balance sheets are getting stretched. While consumer net worth remains at near historic levels, it peaked in the first quarter of 2022 and has been falling since. With the Fed indicating additional severe rate hikes, I expect a continued economic grind for the next few quarters. Tune in to find out more information on multifamily dynamics during the week of September 25.

In today's episode we discuss growing concerns with housing affordability as rents and home prices have skyrocketed over the past two years. Are we in a housing shortage? How many apartment units will need to be built over the next 15 years to meet future demand? We are joined by NMHC's Senior Director of Research Chris Bruen, as he shares recent data from a number of studies the NMHC has done with the NAHB and other leading industry organizations.