Apartment rents are climbing at a faster rate than new-home prices, according to a comparison of pricing generated through Census Bureausingle-family data and Axiometrics’ apartment data.
The Census Bureau calculates a price index for new home sales that is shown in the following chart, using data from its Survey of Construction. The survey collects information on the physical characteristics and prices of new single-family houses gathered from monthly interviews with builders or owners of a national sample of new houses. The base year for the index is 2005, but the price data begins in 1963.
Read more...Apartment Rents Higher Above Trend Line than House Prices
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