Last week's jobs numbers revealed a stronger-than-expected labor market, and the just-released CPI report shows that inflation has leveled off and could be heading down. The economic anxieties of 2022, however, will not be so easily dispelled. Wage growth from the strong jobs market has the potential to re-ignite the rising prices of previous months, and apartment rents are becoming an increasingly powerful driver of inflation. The recent reports on employment and inflation are clearly good news, and for multifamily market specifically, its historic resilience during inflationary periods, along with recent projections of consistent elevated rent growth for the next several years, are positive signs for apartment investors.

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