Here is a Great Graphic from Barry Ritholtz blog (The Big Picture) and a post by James Bianco. It illustrates the decline in the vacancy rate of apartments in the US and the corresponding increase in rents. This has a couple of implications. First, the declining vacancy rates, which are evident in single family dwellings as well, provide some evidence that the housing market is bottoming. Second, the increase in rents will also contribute to the firm core inflation readings, even as headline pressures ease with the decline in commodity and especially energy prices.
Great Graphic: Tighter Rental Market may Lift Core CPI
Reviewed by Marc Chandler
on
July 10, 2012
Rating:
Reviewed by Marc Chandler
on
July 10, 2012
Rating:
