The Freddie Mac Multifamily Research Group today released its multifamily real estate market demand forecast for the next several years. The paper forecasts a base case that entails slow economic growth with an additional 1.7 million new multifamily renter households between now and 2015. In addition, the paper forecasts that the multifamily market and demand for rental housing will remain solid and healthy during the same period of time.The forecast analyzes demographic trends, housing supply and economic data. The scenario-based approach explores rental market conditions under different economic environments: slow growth, no growth and accelerated growth.
Forecast Highlights:
Recent declines in homeownership related to economic stress and high foreclosures in the single-family housing market have benefited the multifamily market.
Read more...Freddie Mac Makes Big Prediction for MultiFamily Market: 1.7 Million New Renters Expected by 2015 | LoanSafe
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