Correct:
Multifamily market demand is expected to remain strong during the next couple of years due to favorable demographics among prime renters and a decreasing national homeownership rate, with 1.7 million new renter households to hit the market between now and 2015, as reported by MHN citing a Freddie Mac forecast report. Since 2008, 4.8 million new renter households have been added in the U.S.
via Long-Term Renting: A Homeownership Alternative | Multi-Housing News Online.