Gray Report Newsletter: August 1, 2024

Fed Rate Cut “On the Table” Next Month, Clear Path for Multifamily Rebound Federal Reserve Chair Jerome Powell has opened the door to potential reductions in the Federal Funds rate in September, even though the Federal Reserve decided to keep rates steady at present. In the multifamily market, rents growth continues to be sluggish, but…

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Stock Market Whipsaws While Apartment Market Stabilizes

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Weaker jobs numbers, rising Japanese interest rates, AI bubble fears, and election-year uncertainty are among the many factors posited as the cause of the stock market’s steep declines this week, and the lengthy period of elevated interest rates in the United States has helped create this fragile economic environment more vulnerable to recession. A major…

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Podcast: Household Growth and the Apartment Market

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Listen to the latest episode of The Gray Report Podcast and stay up to date on the most important news and research in the multifamily industry, commercial real estate, and the economy. The Gray Report on Spotify The Gray Report on Apple Podcasts

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Podcast: Enormous Pressure Building in the Housing Market

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Listen to the latest episode of The Gray Report Podcast and stay up to date on the most important news and research in the multifamily industry, commercial real estate, and the economy. The Gray Report on Spotify The Gray Report on Apple Podcasts

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Gray Report Newsletter: July 25, 2024

Can Fed Rate Cuts Fix High Housing Costs? Single family homes prices are as high as they’ve ever been, but home sales are low. High interest rates have suppressed both multifamily and single family building, and lack of housing supply has led to declining affordability and a sustained housing deficit. There is significant pent up…

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Enormous Pressure Building in the Housing Market

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Single family homes prices are as high as they’ve ever been, but home sales are low. High interest rates have suppressed both multifamily and single family building, and lack of housing supply has led to declining affordability and a sustained housing deficit. There is significant pent up demand in the housing market. In both single-family…

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Unlocking single-family rental (SFR) trends early and accurately

Unlocking Single - July 29

Source – John Burns Research and Consulting: “Unlocking single-family rental (SFR) trends early and accurately” A month ago, we covered a brief post from John Burns Research and Consulting about birth rate, population trends, and different life stages as a factor in housing trends, specifically looking at how these might impact a decision to move…

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Household Growth and the Apartment Market

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In the multifamily market, rents growth continues to be sluggish, but growing signs of apartment demand support the long-term health of the sector. In the broader housing market, household growth and pent up demand are bracing against affordability barriers like high interest rates.

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Gray Report Newsletter: July 18, 2024

Biden’s Plan for 5% Rent Cap at Odds with Current Low Rent Growth Environment The Biden administration has announced a proposal for a 5% rent cap, despite the fact that rent growth has been markedly below average for the past year-and-a-half, with this rent growth correction finally showing up in the Consumer Price Index and…

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