[DoughnutHole]

The point of the article (and the headline) isn’t that rent growth is meaningfully slowing.

The important bit is “(where housing got built)”. It’s arguing that increasing the housing supply is reducing rent pressure, and the situation is worse where nothing is being built.

It’s not trying to convince you that things are great and you should be cheery, it’s arguing a policy position.

The places that aren’t building should be, and the places that are building should build more. The only way to arrest rent growth or bring about a decrease in rents is to increase the housing supply or crash the economy.