As businesses adjust to remote work trends, the number of office leases signed has taken a big dip in the Research Triangle, and — to a lesser degree — the Piedmont Triad. This new leasing landscape is forcing builders and would-be renters to adjust.
Many cities have devoted considerable focus and money to house people, only to see the number living outside continue to rise.
Consumer prices in April were 4.9% higher than a year ago, according to the Labor Department. Prices rose 0.4% between March and April.
During the past two years, America’s red-hot housing market left millions of people scrambling to find an affordable home to purchase or rent.
Falling gasoline prices put a dent in the July inflation rate, which fell to 8.5% from 9.1% in June. But other costs such as housing continue to climb, putting a strain on many family budgets.
Many Americans put down deposits of $20,000 or more with builders to put up new homes. But with mortgage rates rising, some can no longer afford the homes. And they could lose their deposits.
A new report shows the cost of renting a home or apartment is up 15% nationally to a new record high.
The annual inflation rate eased somewhat in April, but not enough to meaningfully reduce the burden on lower-income Americans.