Inflation

The U.S. Labor Department published its annual inflation rate today for the 12-months ending in July 2020.  The Annual Inflation rate is 1.0%, up from 0.6% last month, and 0.1% in May – the lowest inflation rate since the Covid Pandemic.  This brings the 20-year average inflation rate to 2.1%.

So far during this pandemic, we have not experienced any deflation where the rate turns negative; the times that has happened in the past 20 years was in 2009 and 2015 and is a sign of an uncertain and slowing economy.

Yesterday, the Federal Reserve said it would reduce the interest rate it charges cities and states seeking short-term loans. They have also broadened their lending program to more than 300 cities.

Hi, I'm Scott
President

I'd love to learn more about your new development or project. Use the link below to request a proposal.

Latest

Stay up to date.

Sign up our newsletter for latest article and news.
3 Things Smart Developers Do

3 Things Smart Developers Do

In the competitive and high-risk world of residential development, smart developers stand out by implementing effective strategies that pave the way for their projects’ success. From the initial stages of planning to the final execution, there are three things all residential developers can do to ensure the success and efficiency of their projects.

Read More »
Schedule a Call
Discuss your project or needs with someone from the California Builder Services team.