Investor Index 10.17.25

IPA’s Andrew Leahy Says New Opportunities are Emerging in Multifamily Sector

In the article, Andrew Leahy of IPA argues that the U.S. multifamily sector is entering a new phase of opportunity, driven by converging shifts in capital markets and interest rates. He suggests that despite the current challenges—like higher borrowing costs—deal volume could rebound as investors look for “basis-driven” deals (i.e. those with favorable acquisition cost relative to replacement cost). Leahy sees signs of a turning point: capital is beginning to pivot into secondary and value-add assets, especially in select submarkets where risk and return align. Overall, he portrays the multifamily space as being at an inflection point, with potential upside for investors willing to align risk with market realities.

Full Article: https://www.globest.com/2025/10/15/ipas-andrew-leahy-says-new-opportunities-are-emerging-in-multifamily-sector/

Tariffs are pushing prices higher and consumers are feeling the hit, Fed’s Beige Book show

The Federal Reserve’s latest Beige Book reports that recent tariffs are driving up input costs for businesses—and many are starting to pass those increases on to consumers. The ripple effects are already being felt: consumer spending is moderating, especially among middle- and lower-income households, as price sensitivity rises. Across several Fed districts, demand is softening for nonessential goods, and some firms are postponing hiring or delaying investments in light of uncertainty. On balance, the economy is largely holding steady, but the coupling of policy risk, inflation pressures, and weaker consumption is making the outlook more fragile heading into future Fed decisions.

Full Article: https://www.cnbc.com/2025/10/15/tariffs-are-pushing-prices-higher-and-consumers-are-feeling-the-hit-feds-beige-book-shows.html

Senate passes major housing bill

The U.S. Senate has passed the bipartisan ROAD to Housing Act, incorporated into the National Defense Authorization Act for FY 2026, aiming to bolster housing supply through a range of reforms and incentives. Key measures include streamlining regulations (e.g. relaxing NEPA review for small and infill projects), promoting by-right zoning near transit, accelerating affordable housing approval processes, increasing funding for HUD programs like HOME, and offering incentives to jurisdictions that support housing growth. The bill now moves to the House for consideration before going to the President’s desk.

Full Article: https://www.multifamilydive.com/news/housing-bill-bipartisan-senate/802903/