According to America’s Rental Housing: Expanding Options for Diverse and Growing Demand, released by Harvard’s Joint Center for Housing Studies (JCHS), the United States has seen an unprecedented increase in those living in rental housing, with nearly 9 million rental households added since 2005. With 42.6 million families and individuals now renting, vacancy rates for rental housing have plummeted to 30-year lows (7.1 percent nationally), and inflation-adjusted rents have increased annually by an average of 3.5 percent.
Read more...Housing 9 Million New Renters in the United States - Urban Land Magazine
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