LIVE FEED
AVG RENT GROWTH+3.8% YoY+0.2%/CAP RATE (NATAVG)5.60%/10Y TREASURY4.42%-8bps/MULTIFAMILY STARTS328K-6.1%/ABSORPTION RATE92.4%+1.2%/EMPLOYMENT GROWTH+1.9%+0.1%/CPI SHELTER+5.1%-0.4%/NATIONAL VACANCY5.2%-0.3%/DAYS ON MARKET30 days-2.0/AVG RENT GROWTH+3.8% YoY+0.2%/CAP RATE (NATAVG)5.60%/10Y TREASURY4.42%-8bps/MULTIFAMILY STARTS328K-6.1%/ABSORPTION RATE92.4%+1.2%/EMPLOYMENT GROWTH+1.9%+0.1%/CPI SHELTER+5.1%-0.4%/NATIONAL VACANCY5.2%-0.3%/DAYS ON MARKET30 days-2.0/

Market Intelligence · Multifamily Real Estate

Better Signals. Better Decisions.
Better Returns.

The science of multifamily real estate investing — market intelligence for owners, operators, investors, management firms, lenders, and equity groups.

Who this is for

Built for the people who live inside the multifamily cycle.

Cignal System is market intelligence for multifamily real estate — it turns the economic data that moves rents, occupancy, and values into a clear read on where the cycle is headed. If you own, operate, invest in, manage, or finance apartments, it's built for you.

Owners/Operators

Time acquisitions and refinances to the cycle — and read rents, occupancy, and concessions before they hit your P&L.

Investors

Underwrite with leading indicators and spot the markets turning first.

Management Firms

Give every property a cycle-aware read to guide pricing and strategy.

Lenders/Equity Groups

Size exposure and time capital deployment to the cycle — back markets turning up, flag those rolling over.

SYSTEM STATUS: ACTIVE

Market Intelligence Dashboard

Real-time leading & trailing economic indicators for multifamily real estate.

Composite Signal

BULLISH60%
confidence
BEARNEUTRALBULL

BULLISH SIGNALS

6/10

BEARISH SIGNALS

2/10

MARKETS TRACKED

393MSAs

DATA POINTS

1.4MM+live

Forward-looking signals predicting future conditions
SUPPLYBEAR

Multifamily Permit Activity

328K
-6.1%

Annualized starts declining — supply pressure easing

DEMANDBULL

Lease-Up Absorption Rate

92.4%
+1.2%

Strong demand absorbing new deliveries above trend

MACROBULL

Renter-Age Employment

+1.9%
+0.1%

18–34 cohort employment holding steady, fueling demand

DEMANDBULL

Net Renter Migration Index

112
+4pts

Sun Belt & Mountain West seeing elevated in-migration

Today's featured signals

Latest Signals

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Market Intelligence

Monitor.

Every indicator that drives the multifamily cycle — leading to lagging, national to metro — updated the moment each new print lands.

Compare.

Watch the leading signals pull ahead of the lagging ones, and measure the hard data against what the consensus is calling.

Confirm.

Pin down where the market truly sits in the cycle, so you can time capital and adjust strategy with conviction — not guesswork.

70 INDICATORS · LEADING TO LAGGING · UPDATED ON RELEASE

See the live signals

Market Cycle

Where Are We in the Cycle?

Twelve national indicators across three timing layers — leading, coincident, and lagging. Each wedge is sized by signal strength and colored by direction. The leading layer turns first, so watch it move ahead of the laggards.

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supportiveturningdeterioratingring 1 = role · ring 2 = indicators · size = signal strength

Pro Intelligence

Go deeper with Cignal Pro

Access submarket-level indicators, custom alert thresholds, portfolio stress testing, and quarterly forecast models across 390+ MSAs.

Industry News

Latest Headlines

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