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In the United States apartment vacancy rate went up during the second quarter and rents turned to be higher, as follows from a report from Reis Inc.
The national vacancy rate edged up moderately to 4.4% during the second quarter from 4.3% in the first quarter, as the real estate research company informed.
Asking rent managed to gain 1.3%, while effective rent tacked on 1.1% during the most recent quarter. They grew 3.5% and 3% respectively year-over-year, following the report.
Total inventory is supposed to inch up considerably this year. However, in the second quarter construction turned to be lower than expected in a quarter, which tends to witness the highest activity, as the company disclosed.
In the quarter, new construction totaled 36,477 units, descending from 57,586 units gained the previous year.
It happened to be the lowest quarterly addition for more than two years, according to the report.
About 24% of global central banks intend to increase gold reserves in 2023. Rising inflation, geopolitical turmoil, and worries about interest rates are reasons to increase gold reserves.
Greetings to a brand new week full of events, economic releases and US debt frictions. We are here to tell you everything you need to know!
The US dollar index breaks one resistance after another. Read the report to learn the next target for the US dollar index!
Saudi Arabia agreed to cut oil production. What will happen with the oil price now?
The situation on the labor market still looks optimistic. Today we expect the Unemployment rate data. 3.5% is expected.
The first day of June should’ve brought us the US default. Unsurprisingly, the US House passes the debt ceiling bill at the latest possible moment.
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