President’s Budget Request: President Trump has released his Fiscal Year 2026 Budget Request, outlining the administration’s high-level spending goals for the forthcoming year. It is crucial to note that a first year President’s budget proposal is mostly a symbolic requirement of a new administration. Read NAA’s digest.
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Market Trends: “Although mortgage rates and tariffs continue to cause worry during this Spring’s buying season, NAA’s George Ratiu told Inman, "The expectations are that activity picks up. Sellers bring homes to market. Buyers return in larger numbers. So by and large, this decline in activity for March, for some people, signals a much softer market.” Read more in Inman.
Deeper Dive: The first quarter of 2025 experienced an economy dominated by a new administration in the White House. The Trump administration largely focused on several large-scale initiatives with potential to affect the broader economy, including renegotiating international trade agreements, reducing the size of the federal government workforce and addressing immigration. Read more with NAA’s Spring 2025 Apartment Market Pulse.
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Mental Health Awareness Week: Mental health affects people on all sides of the leasing desk, from residents to maintenance to the C-suite and everyone in between. NAA has partnered with the National Council for Mental Wellbeing to present a five-part cathartic webinar series for Mental Health Awareness Week, May 19-23. Learn more.
State of Industry: NAA’s Bob Pinnegar was recently featured on the Housing Insiders podcast, which includes commentary on national trends, insights into the state of multifamily housing, the evolving rental landscape and more. Listen to the podcast.
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Section 8: “The potential elimination of Section 8 housing vouchers and roughly 40% cuts to rental assistance were included in a recent White House request to the U.S. Department of Housing and Urban Development (HUD). The cuts, first reported by NPR, target core HUD programs like Section 8 vouchers, replacing them with block grants to states.” (HousingWire).
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