Retail sales continued to show resilience in April, driven by shoppers happy to spend their tax refunds, seasonal purchases and consumers' ongoing search for value, according to Colliers' April U.S. Retail Monthly Foot Traffic & Sales Analysis report released in mid-May.
For most of 2025, multifamily owners across Texas told themselves the same story: hold on, ride it out, refinance when rates ease. The Fed cut three times. Construction starts fell roughly 75 percent nationally. The math should have rewarded their patience. Instead, inflation crept back, treasury yields drifted higher and the phrase echoing through capital markets shifted to “higher for longer.”
