Record apartment supply is good for mortgage ratesĀ
Housing Wire
APRIL 18, 2023
Without rents taking off, the CPI data would look much more tame, like what we saw from the years 2000-2019. However, because of the COVID-19 delays, we are still working through a backlog of homes under construction. As you can see in the chart below, we have a historic number of 5-unit construction in the works. Since 44.4%
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