As the four decade high inflation in housing and other basics continues, the cost of those staples crowded out other purchases leading to a drop of .8% in January 2024 for overall retail sales.
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Americans Are Taking Longer and Longer To Buy Their First Home Than At Any Other Time In The Last Twenty Years According To Data And Analysis From The Wall Street Journal.
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States and counties that are issuing the most building permits when measured against their population are in states where the Legislature and the government are not passing additional requirements and regulations on housing.
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In October 2023, Housing Costs Continue Their Rise At Nearly 3.5X Faster Than Targeted Inflation Rates Of 2% Despite Consistent Marginal Drops In Gasoline Costs According to US Bureau Of Labor Statistics.
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With housing costs rising at an annual rate of 7.2%, which is over 3.5X the national target for inflation as set by the Federal Reserve and national priorities.
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Inflation In August 2023 rolled on at more than 150% the Long Established Target of 2% Annually Led By Housing and Transportation Services.
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American birthrate drops by 15.3% between 2007 and 2021 as the global slide in fertility echoes across North America and may indicate up to 45 to 50 million fewer native born Americans over the next several decades.
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In July, inflation maintained a 3.2% annual rate of across the board price hikes with rising housing costs accounting for an astounding 90% of overall inflation for the month.
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