CoStar adjusted its U.S. multifamily forecast to reflect that stronger near-term rent growth last quarter is now expected to be offset by a modestly softer outlook for renter demand in the second half of 2026, resulting in the elevated vacancy rate declining at a slower projected pace.
National multifamily forecast calibrated as slower demand offsets falling supply
Forecast for latter part of year trimmed to reflect expected elevated 2026 vacancy
CoStar Analytics
February 6, 2026 | 7:12 P.M.
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