ASA Podcast: Economic Crossroads - Multifamily Growth, Mortgage Pressures, and Global Tensions

Season 6, Episode 8 of Keeping It Real with Dr. Kuehl features ASA Chief Economist Dr. Chris Kuehl answering a member question about the rise in multifamily construction. He explains that multifamily activity has been growing largely because higher mortgage rates and elevated home prices are making homeownership less attainable, pushing more people toward renting. At the same time, downsizing baby boomers and younger buyers who are priced out of the housing market are adding to rental demand. Dr. Kuehl discusses whether this trend is likely to continue and what factors could help revive the residential housing market, including potential shifts in the 10-year Treasury bond and mortgage rates that could improve affordability for buyers.
 

The episode also explores developments in the oil and gas market, particularly ongoing geopolitical tensions involving Iran. Dr. Kuehl describes the current situation as a stalemate, noting that both sides appear cautious about escalating the conflict. He examines signals coming from Iran’s new leadership and why global markets have not reacted strongly despite the uncertainty. Even with the potential for disruption, energy prices have remained relatively stable. Dr. Kuehl closes by considering what events might trigger a stronger market response and whether Iran will remain a key economic storyline in the weeks ahead.

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