The apartment boom of 2014: more building, low vacancies, higher rents

 -by New Deal democrat

I have a new post up at XE.com taking a detailed look at the apartment boom, which is the only part of the housing market that has been growing in the last year.

My table didn't transfer correctly to XE, so read the story over there, and then come back and look at the table below:

Year	Median Asking Rent	Usual weekly earnings	Rent as % of earnings	Real median asking rent
1988	330	382	86	649
1992	401	437	92	677
1993	422	450	88	690
2000	478	568	84	658
2002	545	607	90	717
2004	620	629	99	777
2009	723	732	99	797
2012	721	765	94	740
2013   Q1	718	770	93	722
2013  Q2	735	776	95	741
2013  Q3	736	778	95	738
2013  Q4	746	782	95	746
2014  Q1	766	791	97	763
2014  Q2	756	782	97	746