Multifamily Mid-Year 2026: Vacancy Falls, But the Sun Belt Is Splitting

Something happened in the U.S. apartment market this week that hasn’t happened in four years: national vacancy fell. Per June 2026 operating data compiled across Yardi Matrix, Apartments.com, and independent trackers, multifamily vacancy has posted its first sustained downtick since the record supply wave began — sitting near 7.2% and declining. Deliveries fell below 400,000 […]