Apartment Demand Is a Juggernaut

The slight increase in CPI-measured inflation (from 2.7% to 2.9%) may have been lower than expectations, but the persistence of price growth, along with recent jobs numbers showing a stronger-than-expected labor market, may lead to continued high interest rates. Amid this heating economy, apartment demand has been steadily growing throughout the past year and is…

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Will High Interest Rates Ruin the CRE Comeback?

Amid news of a powerful upswing in apartment demand, rising investor interest, and increasing consumer confidence, the rising yields for 10-year treasuries are a dark cloud that promises to make CRE investment interesting, if not straightforwardly difficult for investors looking for a larger spread between cap rates and debt costs. Likewise, CRE borrowers with loan…

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Podcast: The Housing Vibes in 2025

Housing Vibe 01-06

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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The Housing Vibes in 2025

Housing Jan 25

The Gray Capital team discusses investor and consumer sentiment at the start of 2025, explaining the different trends and expectations for the multifamily market and the economy.

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(How Much) Will Multifamily Thrive in 2025?

Normalizing supply trends should follow the lower construction activity in the apartment market, and while regional differences could exacerbate and interest rate trajectories have been persistently uncertain, high housing demand will continue to drive multifamily performance in 2025. Multifamily, the Nation, and the Economy A Sharp Pullback in U.S. Apartment Deliveries Is on the Way…

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Can Multifamily Growth in 2025 Break through Two Years of Sluggishness?

After two years of low apartment sales activity, stagnant rent growth, and persistent expense growth pressures for multifamily operators, it is difficult to imagine a sharp turnaround in 2025. That being said, some of the trends that hampered the multifamily market in 2023-2024 are expected to weaken, but perhaps not at the rate that some…

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