Renting a property or apartment long-term is the only viable solution for many Americans as lending standards stay tight and potential buyers struggle with downpayments. This in turn makes multifamily ownership and development a bigger issue for the nation's housing agencies.
Approximately 1 in 5 American households reside in multifamily rental buildings, according to data from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.
The two entities launched a survey to provide more insight into the nation’s multi-family rental properties.
Read more...Multifamily survey offers peek at rental market | HousingWire