Rates, inflation, labor dynamics, and shifting buyer sentiment are reshaping U.S. housing, with 2026 emerging as a pivotal year for both for-rent and for-sale demand. This session delivers a data-rich outlook on interest rates, capital flows, migration, labor availability, and construction costs breaking down how these forces are influencing pricing, absorption, new starts, and the consumer calculus of renting versus owning across single-family, BTR, and multifamily.