Eye On Housing
In June, the real rent index fell by approximately 0.1 percent. This is the first decline in the index since 2013 (Figure 1). The annual growth rate of the index fell to negative 1.4 percent, after posting three months of positive growth, at rates between 4 and 8 percent. NAHB constructs a “real” rent index to indicate whether inflation in… Read More ›
In December, inflation-adjusted residential rents increased 0.1 percent over November’s reading, after essentially no growth in October and November (Figure 1). The average monthly growth rate of the real rent index stood at 0.11 percent in 2019, compared to 0.10 percent in 2018. NAHB constructs a “real” rent index to indicate whether inflation in rents is faster or slower than… Read More ›
The Bureau of Labor Statistics (BLS) reported consumer prices increased broadly in June. The Consumer Price Index (CPI) rose at a seasonally adjusted annual rate of 3.9%, slower than 5.5% in May. Excluding the volatile food and energy components, the “core” CPI rose at a seasonally adjusted annual rate of 2.2% in June. Large swings in energy prices account for… Read More ›
The consumer price index fell for the third straight month as the price of gasoline continued its sharp decline. The prices on expenditures made by urban consumers decreased 0.1% over the past twelve months before seasonal adjustments. According to the latest release from the Bureau of Labor Statistics (BLS) the consumer price index decreased 0.7% on a seasonally adjusted month-over-month… Read More ›
The Bureau of Labor Statistics (BLS) reported that in October that the consumer price index was unchanged on a seasonally adjusted month-over-month basis. Over the past twelve months, prices on expenditures made by urban consumers increased 1.7% before seasonal adjustments. The relatively modest growth over the last twelve months in the broader measure of consumer prices masks greater volatility in… Read More ›
The Bureau of Labor Statistics (BLS) reported that consumer prices decreased for the first time since April 2013. On a seasonally adjusted month-over-month basis prices decreased 0.2% in August. Over the past twelve months, prices on expenditures made by urban consumers increased 1.7% before seasonal adjustments. In spite of the month-over-month decline in the consumer price index, the shelter index… Read More ›
On August 15th, HUD published its list of proposed Fair Market Rents (FMRs) for 2015. FMRs are used as subsidy limits in HUD’s Housing Choice Voucher Program, but also figure into other housing programs in various ways. A preliminary, proposed list is circulated in advance to allow for public comment before the final version is published, as required by law,… Read More ›
The Bureau of Labor Statistics (BLS) reported that consumer prices increased slightly in July by 0.1% on a seasonally adjusted month-over-month basis. This represents the smallest month-over-month increase since February. Over the past twelve months, prices on expenditures made by urban consumers increased 2.0% before seasonal adjustments. The energy price index decreased 0.3% month-over-month in July following a large 1.6%… Read More ›
On August 5th, HUD published its preliminary Fair Market Rents (FMRs) for Fiscal Year 2014. By law, HUD is required to publish final FMRs annually by October 1, and circulates a preliminary list in advance with a period for public comment. The primary use of FMRs is to set limits on subsidies in HUD’s Housing Choice Voucher Program, but FMRs… Read More ›
The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.3% on a month-to-month basis during March 2012. Once again, energy prices boosted the topline reading on the month-to-month change in price levels, as the CPI for energy jumped 0.9%, after registering a 3.2% increase in February. Retail gasoline prices averaged $3.91 nationally (across all formulations) in March, surging 7.4%… Read More ›