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Housing Market: US: Difference between revisions
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* '''Year-to-date, rents are up by a total of 2.6 percent and are trending slower than every previous year measured by our index''', aside from 2020. From 2017 to 2019, rent growth from January through July averaged 4.3 percent, and during the rapid inflationary period of 2021 and 2022 it averaged 9.4 percent. | * '''Year-to-date, rents are up by a total of 2.6 percent and are trending slower than every previous year measured by our index''', aside from 2020. From 2017 to 2019, rent growth from January through July averaged 4.3 percent, and during the rapid inflationary period of 2021 and 2022 it averaged 9.4 percent. | ||
* In 2022, our vacancy index inched up an average of 14 basis points per month, but so far in 2023 the average increase has been 20 basis points per month. '''In July, the vacancy rate reached 7.3 percent, surpassing for the first time the pandemic peak set in July 2020. This easing has shown no signs of slowing, and with a record number of multi-family apartment units currently under construction, this vacancy rate will remain elevated in the near future.''' | * In 2022, our vacancy index inched up an average of 14 basis points per month, but so far in 2023 the average increase has been 20 basis points per month. '''In July, the vacancy rate reached 7.3 percent, surpassing for the first time the pandemic peak set in July 2020. This easing has shown no signs of slowing, and with a record number of multi-family apartment units currently under construction, this vacancy rate will remain elevated in the near future.''' | ||
== Forecasts == | |||
=== 2024 === | |||
== References == | == References == | ||