Gray Report Podcast/Video: Trump Tariffs Hit the Housing Market
The multifamily market looks forward to strengthening fundamentals in 2025 as the apartment supply wave recedes while housing demand remains consistently high. Recent tariffs may not change these dynamics in the near-term, but higher materials and construction costs could move the market from a supply wave into a supply shortage, bringing rent growth much closer to historical averages after ~18 months of below-average rent growth.
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