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Bob Carey
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Brian Wesbury
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Factoid of the Day Friday, October 20, 2017
Zillow reported that the average renter in the U.S. is now paying a record high 29.1% of their monthly income on rent, according to Forbes. The U.S. Department of Housing and Urban Development states that families that pay more than 30% of their income on housing are considered cost burdened and may have difficulty affording necessities. A recent survey of 1,300 renters by Hunt.com found that 58% of respondents felt "stressed' about their rent. Many respondents said they are not able to save money in the current climate. The U.S. rental vacancy rate stood at 7.3% in Q2'17, down from a 17-year high of 11.1% in Q3'09, according to data from the Census Bureau. 
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New ETF - Listing Date: August 23, 2017
First Trust Institutional Preferred Securities and Income ETF (FPEI)
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