Yardi’s U.S. Multifamily Outlook (Winter 2026) says the sector is entering 2026 with soft fundamentals but should strengthen as the year progresses. Demand cooled in late 2025, and several high-delivery markets are still working through the effects of years of heavy construction, which has tempered rent growth. Even so, Yardi expects performance to improve in 2026 as the economy stabilizes and excess inventory is absorbed.
They anticipate moderate economic growth amid several crosscurrents: the path of interest rates, the Federal Reserve’s balance between employment and inflation, the push and pull of layoffs and hiring, the influence of immigration policy and artificial intelligence, and a widening gap in consumer financial health across income levels.
Read the full report on Yardi’s site.