The demand for rental housing is expected grow by nearly 6.6 million units through 2016, with about 4.2 million new renters attributing to the total.
Many factors will play into the rental housing growth trend including more inventory going into rentals as well as an attractive single-family rental sector for large institutional grade investors – national providers that are present in multiple states and/or cities, said chief marketing officer Jim Warren of FirstService Residential Realty.
FirstService Residential Realty is the largest, residential single-family property management company in North America. The company manages residential, ranging from affordable housing to luxury multifamily communities.
Read more...Rental demand to grow by 6.6 million through 2016 | HousingWire
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