Strong U.S. Apartment Construction Suggests Slide in Rental Costs

Reuters, July 19, 2023–Safiyah Riddle
A surge in U.S. rental home construction could soften rent prices in the months ahead, a much-awaited milestone in the Federal Reserve’s effort to tame inflation even as tightening credit conditions are beginning to take the wind out of the apartment building boom.
https://www.reuters.com/markets/us/strong-us-apartment-construction-suggests-slide-rental-costs-2023-07-19/