Lawler: Update on the Household “Conundrum”
"An actual decline in rents next year would be a reasonable base case"
This is from housing economist Tom Lawler:
The pandemic wreaked havoc on some of the government surveys designed to measure the number of and characteristics of US households (though there were measurement issues before the pandemic), making it difficult for analysts how much of the extraordinary strength in the housing market during 2021 and early 2022 …