Funding for Key Data Surveys and Analysis on Chopping Block
As federal spending bills for FY 2016 continue to slowly move forward, NAA/NMHC are watching funding levels for the U.S. Bureau of Labor Statistics (BLS) and Census Bureau closely. Both agencies have been targeted for significant budget cuts that could force them to curtail or delay critical programming that the multifamily, and entire real estate community, rely on heavily.
Specifically, the multifamily industry regularly uses BLS’ Consumer Expenditure and Consumer Price Index surveys to monitor rent levels. The surveys are also used to look at the amount renters are spending on their housing. And finally, data from the Census Bureaus is used regularly to develop the industry’s day to day economic analysis.
Provided by NMHC as part of the NAA/NMHC Joint Legislative Program