Metro East REIA
- Jun 22, 2022
- 1 min read

Housing Starts Drop to Lowest Level Since April 2020

The U.S. government is reporting that privately‐owned housing starts in May were at a seasonally adjusted annual rate of 1,549,000, which is 14.4% lower than April’s revised number and 3.5% lower than one year ago. May’s rate for units in buildings with five units or more was 469k. Privately‐owned housing units authorized by building permits in May were at a seasonally adjusted annual rate of 1,695,000, which is 7% lower than April’s revised number. Authorizations of units in buildings with five units or more were at a rate of 592k in May. Continue reading HERE...

Recent Posts

See All

Consumer Price Index Up 3.7% Year Over Year

The U.S. Bureau of Labor Statistics is reporting that the Consumer Price Index for All Urban Consumers (CPI-U) was up 0.6% in August, 2023. The all items index was up 3.7% for the 12 months ending in

Reserves are Important

None of us knows what life will bring. All of a sudden, your ability to generate income may be severely restricted by an illness or injury. In the past few months, my office has worked with several in

Gap in Urban & Suburban Rent Growth Widened During the Pandemic

A recent report from Apartment List says the gap in urban and suburban rent growth widened during the pandemic. However, they do point out that while rents are now falling, they’re falling slower in