Recent Surge in Rent Prices Pre-dates the Growing Number of New Arrivals to the U.S.

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Note: Asking rents are for professionally managed apartments in buildings with five or more units.

Source: Joint Center for Housing Studies of Harvard University. (2024). The Role of the Recent Immigrant Surge in Housing Costs. JCHS tabulations of RealPage data, S&P CoreLogic Case-Shiller US National Home Price Index, and CBO’s 2024-2054 Demographic Outlook. Available at https://bit.ly/3YFcXTf