Another month, another record for U.S. single-family rents, which jumped 14% year-over-year in April, marking the 13th period of record-breaking annual gains.

Supply shortages and a strong job market are driving prices up, according to CoreLogic, a provider of real estate data.

“We expect single-family rent growth to continue to increase at a rapid pace throughout 2022,” Molly Boesel, principal economist at CoreLogic, said in a statement.

Among large metro areas tracked by the company, Miami posted the biggest gain, almost 41%. That’s about seven times the growth rate of 5.6% back in April 2021 in the city. Meanwhile East Coast metros, including New York City, Philadelphia, and Washington, D.C., posted some of the smallest increases.

Alex Tanzi reports for Bloomberg News.

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