Housing supply advocates are using a chart that shows single-family permitting rates and the one-year change in rents in 92 metro areas. The data reveals a decrease of 1.5% in rents for each 4 units per 1,000 residents added, but there are outliers like Denver and Fayetteville. Prices have increased in many cities due to changes in land value. The market is still healing from the mortgage crackdown of 2008, leading to an overshoot in new construction. Rent inflation can be reduced by adding over a million new units annually. Incomes are highest in cities with the least new housing permits.

Read more at Investing.com: More Housing Supply Shouldn’t Bring Prices Down