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THE EVEN FRESHER DATA. HEY, TY YEAH, THE CPI NUMBERS STILL SHOW RENT GROWTH ACCELERATING BUT THOSE NUMBERS ARE LAGGING BY SEVERAL MONTHS DUE TO THE WAY THE BLS CALCULATES MORE RECENT REPORTS SHOW RENT GROWTH EASING docHubLY. RENT IN SEPTEMBER COOLED TO THE SLOWEST ANNUAL PACE IN 16 MONTHS THAT ACCORDING TO REALTOR.COM. UP 7.8% FROM SEPTEMBER OF LAST YEAR IT ALSO POSTED ITS SECOND MONTH OVER MONTH DECLINE IN EIGHT MONTHS, DOWN FURTHER FROM THE JULY PEAK. THAT SAID, RENT IS STILL RISING AT TWICE THE PACE IT WAS IN MARCH OF 2020 WHEN THE PANDEMIC STARTED. REDFIN IS ALSO SHOWING A SIMILAR SLOWDOWN AND NOTES THE RECORD HIGH NUMBER OF APARTMENTS CURRENTLY UNDER CONSTRUCTION ALL THAT NEW SUPPLY COULD COOL RENTS FURTHER. THIS COMES AFTER A REPORT LAST WEEK SHOWING APARTMENT DEMAND HAS EVAPORATED IN MUCH OF THE COUNTRY DUE TO A FREEZE IN HOUSEHOLD FORMATION. INFLATION MAY BE KEEPING NEW RENTERS FROM BEING ABLE TO AFFORD TO MOVE OUT ON THEIR OWN. THE THIRD QUARTER IS HISTO