Key Takeaways
- The U.S. military housing sector is stable and has demonstrated improved credit quality over the past year, primarily due to steady growth in federal operating subsidies.
- Demand for military housing remains high, with occupancy levels averaging 94% across rated entities.
- Challenges to the sector center on future recruitment for military personnel, as the active-duty workforce based in the U.S. has been shrinking steadily since 2020; however, all of the service branches have reported rising recruitment numbers in 2025.
14-Aug-2025 | 15:17 EDT