Today's news straddles the business and shelter worlds — The Wall Street Journal reports, "The housing double dip is official: US home prices fell in the first quarter to a new recession low, according to the latest S&P/Case-Shiller price index." Meanwhile, Bloomberg News posts on rising rents: "For all the attention given to almost $4-a-gallon gas, the biggest threat to containing U.S. inflation may be the shift away from homeownership, which is pushing up the cost of leases across the nation's 38 million rented residences." Links and more news below.
DESIGN NEWS OF THE DAY
• Housing Shocker: Home Prices Still Falling | The Wall Street Journal
• Rising Rents Risk U.S. Inflation as Fed's Restraint Questioned | Bloomberg News
• The Housing Double Dip Is "CONFIRMED" | Business Insider
• London Designer Giles Miller Installs Bar in a Former Petrol Station | Dezeen
• Slow Architecture Exhibition 2011 Is Underway | Arch Daily