The Multifamily Dispatch

This week, hosts Dan Gable (CEO, J+G Companies) and Matt Bastnagel (Director of Research and Marketing) discuss the latest CPI and PPI inflation data along with updates on housing costs, apartment supply, and CRE capital markets.
Subscribe to our weekly newsletter at TheMultifamilyDispatch.com.
Sources discussed in this clip:
Bureau of Labor Statistics: “Consumer Price Index, April 2026” - https://www.bls.gov/news.release/cpi.nr0.htm
Bureau of Labor Statistics: “Producer Price Index, April 2026” - https://www.bls.gov/news.release/ppi.nr0.htm
Zillow: "CPI Shelter Forecast, April 2026" - https://www.zillow.com/research/cpi-forecast-2026-apr-36302/
Marcus & Millichap: Multifamily Outlook - https://www.marcusmillichap.com/research/research-brief/2026/05/research-brief-multifamily-outlook
CoStar: “Multifamily Construction Activity Update for Q1 2026” - https://www.businesswire.com/news/home/20260512667993/en/Apartments.com-and-CoStar-Release-a-Multifamily-Construction-Activity-Update-for-Q1-2026
NOTE: This podcast is for informational/educational purposes only. This is not an offer to invest.

This week, hosts Dan Gable (CEO, J+G Companies) and Matt Bastnagel (Director of Research and Marketing) discuss the latest updates on apartment rent growth, vacancy, and supply. Along with the data update, they comment on recent news about a potential merger of two of the biggest apartment owners, and they share their passionate takes on the topic of insurance for apartment real estate.
Subscribe to our weekly newsletter at TheMultifamilyDispatch.com.
Sources discussed in this clip:
Bisnow: “Equity Residential, AvalonBay In Early Talks To Combine” - https://www.bisnow.com/national/news/multifamily/equity-residential-avalonbay-combine-134360
CoStar: “National rent growth remains positive in April, but spring season momentum remains restrained” - https://www.costargroup.com/press-room/2026/apartmentscom-releases-multifamily-rent-growth-report-april-2026
RealPage: “Small but Steady Gains Define the U.S. Apartment Market in 2026” - https://www.realpage.com/analytics/april-2026-data-update/
Yardi Matrix: “April 2026 Multifamily National Report” - https://www.yardimatrix.com/publications/download/file/8676-MatrixMultifamilyNationalReport-April2026
Apartment List: “National Rent Report” - https://www.apartmentlist.com/research/national-rent-data
RealPage: “Multifamily Starts Increase in March [Note: not in the Midwest]” - https://www.realpage.com/analytics/us-permits-march-2026/
RealPage: “Elevated Concession Activity Persists Across U.S. Apartment Market [Note: not in the Midwest]” - https://www.realpage.com/analytics/us-concessions-march-2026/
Northmarq: “From premiums to policies: Understanding commercial property insurance trends in 2026” - https://www.northmarq.com/insights/research/premiums-policies-understanding-commercial-property-insurance-trends-2026
US Government Accountability Office: "Rental Housing: Institutional Investor Ownership of Single-Family Rental Homes" - https://www.gao.gov/assets/gao-26-108675.pdf
NOTE: This podcast is for informational/educational purposes only. This is not an offer to invest.

This week, hosts Dan Gable (CEO, J+G Companies) and Matt Bastnagel (Director of Research and Marketing) discuss recent data on apartment fundamentals, housing demand, CRE lending, and the potential shifts in the Federal Reserve in the wake of Jerome Powell's final FOMC meeting as Fed Chair.

Subscribe to our weekly newsletter at TheMultifamilyDispatch.com.

Sources discussed in this clip:

Board of Governors of the Federal Reserve System: "Federal Reserve issues FOMC statement" - https://www.federalreserve.gov/newsevents/pressreleases/monetary20260429a.htm

Apartment List: “National Rent Report, April 2026” - https://www.apartmentlist.com/research/national-rent-data

RealPage: “Quarterly Apartment Supply Hits Smallest Volume in Four Years” - https://www.realpage.com/analytics/us-supply-update-1q-2026/

Mortgage Bankers Association: “Delinquency Rates for Commercial Properties Increased in the First Quarter of 2026” - https://www.mba.org/news-and-research/newsroom/news/2026/04/27/delinquency-rates-for-commercial-properties-increased-in-the-first-quarter-of-2026

Realtor.com: “Homeownership Rates Are Falling for All Ages, Not Just Millennials” - https://www.realtor.com/news/trends/homeownership-rate-age-millennials-aei-study/

Apartment List: “Homeownership Is Declining, No Matter How You Measure It” - https://www.apartmentlist.com/research/homeownership-is-declining-no-matter-how-you-measure-it

NOTE: This podcast is for informational/educational purposes only. This is not an offer to invest.

This week, hosts Dan Gable (CEO, J+G Companies) and Matt Bastnagel (Director of Research and Marketing) discuss the specific advantages of multifamily investments during periods of volatility, highlighting the regional markets and specific types of apartment properties expected to deliver stable performance and growth. Also covered in this episode is the recent confirmation hearing of Kevin Warsh, the nominee chosen to replace Jerome Powell as chair of the Federal Reserve.

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Sources discussed in this clip:

Marcus & Millichap: “Iran Conflict and CRE Outlook” - https://www.marcusmillichap.com/research/research-brief/2026/04/research-brief-iran-conflict-and-cre-outlookGlobeSt: "Multifamily Pricing Breaks From Longstanding Rent Cap Rate Relationship" - https://www.globest.com/2026/04/22/multifamily-pricing-breaks-from-longstanding-rent-cap-rate-relationship/

NAHB: “Population Growth and Housing Supply Dynamics at the County Level in 2025” - https://eyeonhousing.org/2026/04/population-growth-and-housing-supply-dynamics-at-the-county-level-in-2025/

GlobeSt: "Class B Apartments Quietly Outperform in a Tiered Market" - https://www.globest.com/2026/04/20/class-b-apartments-quietly-outperform-in-a-tiered-market/

Axios: “How Kevin Warsh wants to rewire Fed communications” - https://www.axios.com/2026/04/22/kevin-warsh-fed-communications-policy

NOTE: This podcast is for informational/educational purposes only. This is not an offer to invest.

This week, hosts Dan Gable (CEO, J+G Companies) and Matt Bastnagel (Director of Research and Marketing) discuss multifamily transaction numbers, the broader economic issues driving the commercial real estate market, and recent CPI data showing a significant increase in inflation.
Subscribe to our weekly newsletter at TheMultifamilyDispatch.com.
Sources discussed in this clip:
Northmarq: “Midwest multifamily transaction activity accelerates in 2025” - https://www.northmarq.com/insights/insights/midwest-multifamily-transaction-activity-accelerates-2025
Bureau of Labor Statistics: “Consumer Price Index, March 2020” - https://www.bls.gov/charts/consumer-price-index/consumer-price-index-by-category-line-chart.htm
Marcus & Millichap: "Research Brief: Inflation" https://www.marcusmillichap.com/research/research-brief/2026/04/research-brief-april-inflation
Cushman & Wakefield: "The Impacts of Tariffs on CRE Construction Costs" - https://www.cushmanwakefield.com/en/united-states/insights/the-impact-of-tariffs-on-cre-construction-costs
Colliers: “CRE at an inflection point” - https://www.colliers.com/en/research/cre-at-an-inflection-point
NOTE: This podcast is for informational/educational purposes only. This is not an offer to invest.

This week, hosts Dan Gable (CEO, J+G Companies) and Matt Bastnagel (Director of Research and Marketing) discuss the latest data on the apartment market, home prices, and mortgage rates as well as the key regional differences in the housing market as a whole.

Subscribe to our weekly newsletter at TheMultifamilyDispatch.com.

Sources discussed in this podcast:

RealPage: “Apartment Demand Rebounds in 1st Quarter as Supply Volumes Continue to Slow” - https://www.realpage.com/analytics/1st-quarter-2026-data-update/

Apartment List: “March 2026 Rent Report” - https://www.apartmentlist.com/research/national-rent-data

Apartments.com: “Multifamily Rent Growth Report for March 2026” - https://www.apartments.com/blog/apartments.com-national-rent-trends-report

Yardi Matrix: “March 2026 National Multifamily Report” https://www.yardimatrix.com/publications/download/file/8535-MatrixMultifamilyNationalReport-March2026

Realtor.com: “March 2026 Monthly Housing Report: Spring’s Promise Meets Fresh Headwinds” - https://www.realtor.com/research/march-2026-data/

Berkadia: “March Payrolls Delivers Upside Suprise, Fed’s Holding Pattern Continues” - https://www.berkadia.com/blog/march-payrolls-delivers-upside-suprise-feds-holding-pattern-continues/

Federal Reserve Bank of Dallas: "Break-even employment declines as unauthorized immigration outflows continue" - https://www.dallasfed.org/research/economics/2026/0331Indeed

Hiring Lab: "The Demographic Squeeze: "Why Labor Force Participation is Projected to Fall Through 2034" - https://www.hiringlab.org/2026/04/07/why-labor-force-participation-is-projected-to-fall-through-2034/

NOTE: This podcast is for informational/educational purposes only. This is not an offer to invest.

This week, hosts Dan Gable (CEO, J+G Companies) and Matt Bastnagel (Director of Research and Marketing) discuss the latest data on investor expectations, consumer sentiment, and the multifamily investment market.Subscribe to our weekly newsletter at TheMultifamilyDispatch.com.

Sources discussed in this podcast:

CBRE: “2026 Global Investor Intentions Survey” - https://mktgdocs.cbre.com/2299/3f4e94f5-4e66-472b-be45-24f17831c504-1084832404/2026_Global_Investor_Intention.pdf

CBRE: “Potential Impact of Rising Oil Prices on Real Estate Values” - https://www.cbre.com/insights/briefs/potential-impact-of-rising-oil-prices-on-real-estate-values

The Conference Board: “US Consumer Confidence Inched Up Again in March” - https://www.conference-board.org/topics/consumer-confidence/

University of Michigan: “Consumer Sentiment, March 2026” - https://www.sca.isr.umich.edu/

Urban Land Institute: “Is Stagflation Returning? Experts Weigh the Impact on Commercial Real Estate” - https://urbanland.uli.org/capital-markets-and-finance/stagflation-risk-is-secondary-to-a-growing-commercial-real-estate-margin

Bisnow: “Data Center Transparency, Operating Concerns Raise Alarms In Ballooning CMBS Market” - https://www.bisnow.com/national/news/data-center-capital-markets/data-center-transparency-operating-concerns-raise-alarms-cmbs-market-133865

NOTE: This podcast is for informational/educational purposes only. This is not an offer to invest.

This week, hosts Dan Gable (CEO, J+G Companies) and Matt Bastnagel (Director of Research and Marketing) discuss the current state of the lending markets, the Federal Reserve, and how migration and population growth are impacting housing demand in America.

Subscribe to our weekly newsletter at TheMultifamilyDispatch.com.

Sources discussed in this podcast:

Bisnow: “Fannie, Freddie Stocks Free-Fall As Privatization Plans Remain Unclear” - https://www.bisnow.com/national/news/affordable-housing/fannie-freddie-stocks-free-fall-as-plans-for-privatization-dim-133735

GlobeSt: “Private Credit's Pullback Could Reignite CRE Investment Cycle” - https://www.globest.com/2026/03/23/private-credits-pullback-could-reignite-cre-investment-cycle/

The Wall Street Journal: “The Fed’s Most Awkward Leadership Transition Is Coming” - https://archive.is/qUgoA#selection-549.0-552.0

The Atlantic: “The Revenge of Flyover Country” - https://archive.ph/q8XBN

RealPage: “Historic Decline in Net International Migration Slows U.S. Population Growth” - https://www.realpage.com/analytics/population-decline-2025/

NOTE: This podcast is for informational/educational purposes only. This is not an offer to invest.

This week, hosts Dan Gable (CEO, J+G Companies) and Matt Bastnagel (Director of Research and Marketing) discuss how current economic volatility may impact the apartment market, they look at recent inflation numbers and what they might indicate about future interest rate trends, and they review the recent (excellent) report on the current state of America's rental market.

Subscribe to our weekly newsletter at TheMultifamilyDispatch.com.

Sources discussed in this podcast:

Bisnow: “Why The Iran Conflict's Impact On U.S. Real Estate Hinges On When It Ends” - https://www.bisnow.com/national/news/capital-markets/iran-conflict-raises-specter-of-resurgent-inflation-but-a-short-war-could-spare-cre-133657

Trepp: “Balance Sheet CRE Lending Spreads Show Little Response to Oil Price Shock” - https://www.trepp.com/trepptalk/balance-sheet-lending-spreads-show-little-response-to-oil-price-shock

Bureau of Labor Statistics: “Consumer Price Index, February 2026” - https://www.bls.gov/news.release/cpi.nr0.htm

Bureau of Economic Analysis: “Personal Consumption Index, January 2026” - https://www.bea.gov/news/2026/personal-income-and-outlays-january-2026

Harvard Joint Center for Housing Studies: “America’s Rental Housing” - https://www.jchs.harvard.edu/sites/default/files/reports/files/Harvard_JCHS_Americas_Rental_Housing_2026.pdf

NOTE: This podcast is for informational/educational purposes only. This is not an offer to invest.

This week, hosts Dan Gable (CEO, J+G Companies) and Matt Bastnagel (Director of Research and Marketing) review the current state of the multifamily investment market, including a look at the sentiment among investors, financial market trends, and apartment fundamentals.

Subscribe to our weekly newsletter at TheMultifamilyDispatch.com.

Sources discussed in this podcast:

Yardi Matrix: “Multifamily National Report, February 2026” - https://www.yardimatrix.com/publications/download/file/8517-MatrixMultifamilyNationalReport-February2026

Apartment List: “National Rent Report, February 2026” - https://www.apartmentlist.com/research/national-rent-data

RealPage: “U.S. Apartment Occupancy and Rents Inch Up Again in February” - https://www.realpage.com/analytics/february-2026-data-update/

CoStar: “National rent growth remained positive but uneven in February following a December inflection” - https://www.costargroup.com/press-room/2026/apartmentscom-releases-multifamily-rent-growth-report-february-2026

CBRE: “Core Multifamily Buyer Sentiment Improves in Q4 2025” - https://www.cbre.com/insights/briefs/core-multifamily-buyer-sentiment-improves-in-q4-2025

Northmarq: “Commercial real estate debt market outlook 2026: Capital available but lending remains selective” - https://www.northmarq.com/insights/research/commercial-real-estate-debt-market-outlook-2026-capital-available-lending-remains

CRED iQ: “Special Servicing Rate Reaches 11.1%, Second-Highest Level Since GFC” - https://cred-iq.com/blog/2026/03/06/special-servicing-rate-reaches-11-1-second-highest-level-since-gfc/

Berkadia: “2026 Multifamily Investor Sentiment Survey” - https://www.berkadia.com/wp-content/uploads/2026/02/Berkadia-2026-Multifamily-Investor-Survey.pdf CRE Daily /

John Burns Research and Consulting: “Q1 2026 Fear and Greed Survey” - https://www.credaily.com/fear-greed-index/

Cotality: “US home price insights — March 2026” - https://www.cotality.com/insights/articles/us-home-price-insights-march-2026

NOTE: This podcast is for informational/educational purposes only. This is not an offer to invest.