Nominal rents just keep going up. They went down slightly in the bimonthly BLS owner’s equivalent rent series only 3 times, and that was during the spring of 1984 – 1986. Otherwise, it just keeps growing. Jan 1986, 138.0 to March 1986, 136.6, but back up to 138.7 in May 1986.
Only 1 decrease in the semiannual series started in 1988: H2 1994 181.7, to H1 1995 179.5, but back up in H2 1995 to 181.6.
