Multifamily Housing Growth to Continue 2013

US apartment-market projection:

Multifamily Housing Growth to Continue 2013As a result of the housing crisis, homeownership is down, particularly among younger households. In addition, the overall number of households—homeowners and renters combined—is down compared to where it should be given the population growth.

This trend has translated into a lot of potential in household formation—as many as two million future households according to some estimates, with most of them expected to become renters as economic and labor market conditions improve.

via Multifamily Housing Growth Poised to Continue in 2013 - The Home Front