The Role of Elevator Construction and Housing Inflation in the Soaring Housing Costs in America
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#e86f844e ver:0.72

The rise in US inflation to 3.2% raises concerns for the Federal Reserve, as it exceeds the target rate of 2%. Higher prices for petrol, housing, airfare, car insurance, and clothing are driving inflation. Housing costs, which account for a third of the consumer price index, have risen 5.7% from a year ago. The national housing shortage is driving inflation, adding $2 trillion to homeowners' balance sheets since 2022. To combat housing-fueled inflation, more housing needs to be built and rehabilitated. Legislation to address the housing shortage fell short in the Senate. The Federal Reserve is focused on fighting inflation, but Congress has yet to address the national housing shortfall. #inflation #housingcrisis #economy...

#newstr #UsInflation #FederalReserve #InterestRates #HousingShortage #RentalMarket #HousingInflation #ConsumerPriceIndex #BureauOfLaborStatistics 

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