Inflation Down, Rent Growth Up: What's Next?

The latest numbers from the Consumer Price Index showed lower-than-expected inflation, but uncertainty (or pessimism) regarding the Federal Reserve's interest rate path has dampened some of the enthusiasm about the inflation news. This uncertainty is keenly felt in the still-stagnant apartment sales market, but when it comes to apartment demand, solid positive rent growth trends are a clear highlight amidst the anxious unknowns elsewhere in the multifamily market and the economy as a whole. Sources discussed in this episode: Bureau of Labor Statistics: “Consumer Price Index: March 2023” - https://www.bls.gov/news.release/cpi.t02.htm St. Louis FRED: “Personal Saving Rate” - https://fred.stlouisfed.org/series/PSAVERT St. Louis FRED: “Credit Card Revolving Credit” - https://fred.stlouisfed.org/series/CCLACBW027SBOG Yardi Matrix: “National Multifamily Report, March 2023” - https://www.yardimatrix.com/publications/download/file/3641-MatrixMultifamilyNationalReport-March2023 RealPage: “Apartment Construction at 50-Year High? Yes, But… Not Really” - https://www.realpage.com/analytics/apartment-construction-50-year-highs/ Newmark: “North American Market Survey, Q1 2023” - https://www.nmrk.com/storage-nmrk/uploads/documents/va-market-survey/Newmark_VA_North-American-Market-Survey-1Q-2023.pdf For the latest multifamily news from across the internet, visit the Gray Report website: https://www.grayreport.com/ Sign up for our free multifamily newsletter here: https://www.graycapitalllc.com/newsletter DISCLAIMERS: This video does not constitute professional financial advice and is for educational/entertainment purposes only. This video is not an offer to invest.