Damn, It Feels Good To Be A Landlord

An interesting note from the just-released personal income and spending report.

Rental income of persons increased $3.5 billion in February, compared with an increase of $3.2 billion in January.

In case you hadn’t heard, rent prices have been soaring, and it’s showing up in total rental income for the economy.

Have you seen this chart?

chart

Photo: FRED

For a little more context, here’s a look at rental income compared to GDP, which is at multi-decade highs.

chart

And of course, the surge in rental income helps explain this: Multi-family apartment construction is the hottest thing in town.

chart

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.

Tagged In

moneygame-us rent