Yeah I know it's among the lowest in the world, it's still an ~order of magnitude higher than a few tenths of a percent, which would be shocking for the reasons you mention.

My point though was just that I've seen arguments that these numbers can be manipulated, and the city's own data doesn't make sense by itself: either the 1.4% number is wrong or the slowly recovering population estimate is wrong. Especially considering the 60,000 housing units (representing 2% growth) created.