Chart of the Week: Potential Trajectories of Multifamily Completions

Developers have been building many apartment units over the past several years. We expect the pace of development to slow in the years ahead, given declining fundamentals including falling rents, rising vacancies, and increasing delinquencies in the multifamily sector.

Chart of the Week–Seriously Delinquent Loans by Loan Type

According to the latest MBA National Delinquency Survey, the delinquency rate for mortgage loans on one-to-four-unit residential properties increased to a seasonally adjusted rate of 3.99% of all loans outstanding at the end of the third quarter.

MBA Chart of the Week: Housing Units Available For Sale

Inadequate housing supply has been a well-documented challenge for the housing market in recent years. However, there are recent signs that for-sale inventory in many parts of the country has started to grow again.

Chart of the Week: Target and Projected Fed Funds Rate

Federal Open Market Committee (FOMC) projections from the June 2025 meeting show that members expect increases in both the unemployment rate and inflation throughout the course of this year, as well as slightly weaker economic growth.