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OER Inflation In Line But Primary Rents On Soft Side At Lowest Since Aug’21

US DATA
  • OER in line: 0.42% M/M in April after 0.44%. It equals joint recent lows seen in Aug, Oct & Dec. Analysts had looked for an average 0.42%, ranging from 0.40-0.46%.
  • Primary rents on the soft side: 0.35% M/M in April after 0.41%, poking to technically the softest since Aug’21. Analysts had looked for an average 0.40%, ranging from 0.37-0.43%.
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  • OER in line: 0.42% M/M in April after 0.44%. It equals joint recent lows seen in Aug, Oct & Dec. Analysts had looked for an average 0.42%, ranging from 0.40-0.46%.
  • Primary rents on the soft side: 0.35% M/M in April after 0.41%, poking to technically the softest since Aug’21. Analysts had looked for an average 0.40%, ranging from 0.37-0.43%.