Swiss Economicblogs.org
After a sharp rise in the construction of rental units, vacancy rates are rising, and slowing rent growth could weigh on inflation metrics.The US has witnessed a striking boom in the construction of rental residential units in recent years. This can in part be explained by the rising allure of downtown living among millennials and ageing baby boomers alike. The boom can also be explained by the lingering effects of the subprime crisis, and the restrained access to mortgage credit that has...
Read More »Signs that US rental boom could slow
