While this is trending in the right direction, a 1.5% annual rent decrease is a drop in the bucket compared to the 29% rent increase from 2019 to 2024.
3/
3/
Comments
Given the 2-3 year lag from permits to completions, this could lead to a housing scarcity in 2026-2027, when rents may rise again.
4/
We must continue to build more housing to ensure our kids, grandkids, neighbors, and essential workers can afford to live here.
https://t.co/3cRXrEZJuw