{"id":1004150586,"date":"2016-08-17T07:34:39","date_gmt":"2016-08-17T15:34:39","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004150586"},"modified":"2022-12-05T06:58:41","modified_gmt":"2022-12-05T14:58:41","slug":"economy-watch-apartment-starts-gain-inflation-stays-low","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/economy-watch-apartment-starts-gain-inflation-stays-low\/","title":{"rendered":"Economy Watch: Apartment Starts Gain, Inflation Stays Low"},"content":{"rendered":"<p>By Dees Stribling<\/p>\n<p><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2012\/03\/032112-EconWatch-Housing-Starts-user-Martin-Pettitt.jpg\"><img decoding=\"async\" data-attachment-id=\"1004037144\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/economy-watch-apartment-starts-gain-inflation-stays-low\/032112-econwatch-housing-starts-user-martin-pettitt-300x201\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2012\/03\/032112-EconWatch-Housing-Starts-user-Martin-Pettitt-300x201.jpg\" data-orig-size=\"300,201\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;}\" data-image-title=\"032112-EconWatch-Housing-Starts-user-Martin-Pettitt-300&#215;201\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2012\/03\/032112-EconWatch-Housing-Starts-user-Martin-Pettitt-300x201.jpg?w=300\" loading=\"lazy\" class=\"alignright size-full wp-image-1004037144\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2012\/03\/032112-EconWatch-Housing-Starts-user-Martin-Pettitt.jpg\" alt=\"032112-EconWatch-Housing-Starts-user-Martin-Pettitt-300x201\" width=\"300\" height=\"201\" \/><\/a>Though some U.S. markets are facing a sizable number of apartment properties coming on line\u2014especially in the upper price points in markets such as Seattle and Denver\u2014overall the development of apartment product continues at a fairly strong pace, according to <a href=\"https:\/\/www.census.gov\/construction\/nrc\/pdf\/newresconst.pdf\" target=\"_blank\" rel=\"noopener\">data released by the Census Bureau<\/a> in its report on housing permits and starts on Tuesday.<\/p>\n<p>In July, apartment starts gained 8.3 percent for the month, noted the bureau (which tracks buildings with more than five units as its multifamily category). Monthly figures in the multifamily sector tend to be volatile, so the more important metric is year-over-year. Compared with July 2015, apartment starts are up nationwide 15.2 percent.<\/p>\n<p>That might represent the crest of a development wave, however. The bureau also reported that apartment development permitting\u2014a leading indicator\u2014was down 1.7 percent in July compared with a year earlier.<\/p>\n<p>Separately on Tuesday, the Bureau of Labor Statistics reported that its Consumer Price Index for All Urban Consumers was unchanged in July. Over the last 12 months, the all-items index rose 0.8 percent. That&#8217;s reasonably good news for consumers\u2014most things don&#8217;t cost much more than a year ago\u2014but not necessarily good for retail landlords, since it&#8217;s harder to justify higher rents except for the most desirable properties.<\/p>\n<p>The BLS&#8217;s energy index fell 1.6 percent after rising in each of the last four months, with the decline due to a sharp decrease in the price of gasoline; other energy prices were mixed. The price of food at home declined 0.2 percent as four of the six major grocery store food indexes decreased, while the index for food away from home rose 0.2 percent.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Apartment starts gained 8.3 percent in July as a key consumer price index remained unchanged.<\/p>\n","protected":false},"author":1023,"featured_media":1004037144,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[23891,21742],"tags":[],"class_list":["post-1004150586","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Economy Watch: Apartment Starts Gain, Inflation Stays Low - 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