The gap between market rent and the price of shelter was 6.6 percent larger in December 2023 relative to December 2019 … this question. When there is a positive market-shelter gap, the price of shelter grows faster and market rent grows slower … until the gap closes, which takes about five years. Faster shelter‐price growth and slower market‐rent growth each explain …

Index’s measure of the cost of owner-occupied housing—owners’ equivalent rent of residence (OER)—has begun to accelerate …

Index’s measure of the cost of owner-occupied housing—owners’ equivalent rent of residence (OER)—has begun to accelerate …

then estimate alternative inflation rates for tenant rent and owners' equivalent rent based on American Housing Survey data … by the inverse relationship between rent inflation and the level of monthly housing cost evident in the American Housing …Providing for shelter represents a large portion of the typical household budget. Accordingly, rent, paid either to a …

Until the end of 1977, the method used in the U.S. consumer price index (CPI) to measure rent inflation tended to omit … rent increases when units had a change of tenants or were vacant. Since such units typically had more rapid increases in … that from 1940 to 1985 the CPI inflation rate for rent most likely was understated by 1.4 percentage points annually in U …

Until the end of 1977, the U.S. consumer price index for rents tended to omit rent increases when units had a change of … consequences for historical measures of rent-house-price ratios and for the growth of real consumption. …