Matrix Multifamily National Outlook-Winter 2026 December 17, 2025

Multifamily to be tested in 2026

The U.S. multifamily market faces competing pressures as it enters 2026. The sector benefits from favorable investor and lender sentiment, demand is balanced between strong retention and weak job growth, and slowing immigration and rent growth will be determined by how much supply growth slows relative to absorption. Yardi’s Winter 2026 Outlook provides a national perspective on these trends and more.