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Multifamily National Outlook – Fall 2026
October 1, 2026 · Thursday, 10:00 AM PT
Multifamily enters fall 2026 more resilient than expected, the recovery remains uneven, and market selection has never mattered more. Gateway and Midwest metros are outperforming, while Sun Belt markets continue to work through elevated lease-up competition. As population growth slows, immigration declines and household formation patterns shift toward older and smaller households, demographic tailwinds that once felt reliable are becoming harder to read, and the margin for error in underwriting is narrowing.
Jeff Adler, Paul Fiorilla
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