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US housing prices indicate the upcoming storm in inflation

US housing prices indicate the upcoming storm in inflation

Fast-rising housing costs have helped to push inflation to a 13-year high. But the way government statisticians track the price of consumer goods may be missing just how explosive home-price growth has been in recent months. According to the US Bureau of Labor Statistics, housing prices were up 2.2% over last year. This rise accounted for over a quarter of the overall increase in inflation in May.

Levine
Levine
Trevor
Trevor 5 days

Oh goodie. Bout to see a bunch of opportunistic developers buying up land to build makeshift crap houses built with illegal labor. With the real estate racket taking its cool 5% driving the price up even more. It's the new american way. Build as cheap as possible and charge as much as possible and don't look back with any regard to the quality of your product.

Bryan_with_a_why
Bryan_with_a_why 3 days

Well when you almost double the money supply in one year and systematically destroy the economy, what do you expect to happen?

O'Brien
O'Brien 5 days

Double the money printing capacity!! Brrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrr!!

Runaway
Runaway 3 days

@Viviko...just to clarify, do you mean the increase of unjustified Biden hate, or the increase in housing inflation?

Darin
Darin 5 days

It's okay as long as the democrats keep giving away money at the same rate as inflation.

Indo
Indo 5 days

Its funny when you read such stuff. Everything is very abstract theses days. Its about time to reunite Gods and Religions. God cannot continue being abstract any longer. PAIN !!

David
David 4 days

Round 2 let’s gooooo

Atlas Sharted
Atlas Sharted 4 days

Bummer I was interested in this headline but the news article does not provide information on the topic.

Djjfxb
Djjfxb 3 days

Thank Biden

Clint
Clint 3 days

And in 6 years, a massive collapse as housing prices normalize. Lots of people underwater on their mortgages and unable to sell if needed.

Tevo
Tevo 3 days

its not even news, but a title

Viviko
Viviko 3 days

Yes. A lot of us kinda saw this coming long ago.

Yuri bezmenov
Yuri bezmenov 3 days

Get ready for SFR.

Seekster
Seekster Yesterday

I was planning to buy a house this year but houses are being snapped up so quickly and way above their value (often by people who plan to rent out the property).

Indo
Indo 2 days

Like a calm before the storm or the storm that whizzes by!? Talk more of it, it will go away on annoyance.

Watergold
Watergold 5 days

???

Central Scrutinizer
Central Scrutinizer 5 days

Say it isn't so ..

Diego
Diego 5 days

After I just got a house.

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US housing prices indicate the upcoming storm in inflation

5 days