Episode 11: Starts Down 74% — Is the Multifamily Supply Cliff Here?

Welcome back to What's Hot & What's Not CRE — your daily pulse on commercial real estate in America.Today we're kicking off the week with the latest on multifamily and residential heading into 2026.🔥 What's Hot:Supply Wave Peaking — 500K-600K units delivered in 2025; starts down 74% from 2021 peak2026 Deliveries Drop 60% — Supply relief is coming fastAbsorption Strong — Job growth driving demand; buy vs rent premium at 32%Rent Growth Positive — 2-3% in 2025; 3%+ projected for 2026Midwest & Coastal Outperforming — Columbus led permits (+1,288 YoY); NYC strongInvestment Volume — $370-380B sales; cap rates stabilizingVacancy Elevated — 4.9-8.2% nationally; peaked 7.2% NovemberSun Belt Oversupply — Austin, Phoenix, Nashville, Charlotte lagging recoveryConcessions Common — New Class A hardest hit in high-supply marketsSingle-Family Cooling — Price growth just 0.2% quarterly❄️ What's Not:Takeaway: The supply wave is cresting, absorption is solid, and 2026 is shaping up to be a tighter market.Thanks for tuning in. See you tomorrow! Don't forget to Like, Share and Subscribe! Visit hotnotcre.com to learn more and subscribe to our newsletter.