AI Data Insight
In Q1 2026, the U.S. rental vacancy rate reached 7.3%, slightly up from 7.2% in the previous quarter, continuing the market pattern of oversupply in recent years. As a massive supply of multifamily housing has flooded the market over the past three years, leasing competition in areas such as the Sun Belt has intensified, further suppressing overall rent growth. The reduction in housing starts expected over the next six months will gradually improve the supply-demand structure, creating favorable conditions for the vacancy rate to peak.