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US rental market favors renters as median rents fall and new construction rises, especially in the Northeast.

Market News
13 May 2026
PRNewsWire
View Source
Neutral
pluang ai news

The US rental market continues to benefit renters with median asking rents for 0-2 bedroom units falling 1.7% year-over-year in April 2026, marking 33 months of consecutive annual declines. Despite rents being 17.9% above pre-pandemic levels, new multi-family construction remains strong, with a 20% increase in new groundbreakings in early 2026, signaling continued supply growth and downward pressure on rents through 2027. Regionally, the Northeast shows the strongest construction momentum with significant increases in starts and completions, leading to rent declines in cities like Boston and Philadelphia. Conversely, the West lags behind with reduced construction activity, raising concerns about future rent relief in that region.

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Sodexo wins major global catering contract with Meta for 130+ sites in 30+ countries

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Gabriel sells its European FurnMaster furniture business to Leggett & Platt for about EUR 9 million

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Crypto expert ZachXBT calls hardware wallets insecure and unreliable for serious use.

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