In a year of rapid change, uncertainty has become a familiar companion.
Builders and developers continue to navigate shifting conditions — from fluctuating material prices to evolving regulations and labor dynamics. The recent government shutdown has delayed the release of key economic data on inflation and employment, while the Supreme Court is weighing important questions about tariff authority. Meanwhile, immigration enforcement efforts add new complexity to the labor picture.
Yet ours is a resilient industry.
Developers are, by nature, problem solvers. Every successful project is the result of overcoming challenges and adapting to change. As the government reopens, data flows again, and the Court issues its rulings, we’ll regain a clearer view of the road ahead — and with it, a measure of stability.
At AGM, we take the long view — as do our borrowers.
Beyond the noise of the moment, the fundamentals remain encouraging. Completions are up, starts are down, and opportunity awaits those who can get a deal in the ground. RealPage Market Analytics projects a broad-based rent upswing in 2026, with average gains of 2.3% and double that in several major markets. Regulatory relief, long sought by developers and builders, is beginning to take shape. And the need for new housing — across price points and communities — remains as strong as ever.
We’re here to help you navigate what’s next. If you’re ready to move your project forward, let’s start the conversation. Contact us today.