The pace of continued economic recovery will determine whether the number of U.S. renter households will grow by 1 million or closer to 1.7 million between now and 2015.
That’s the consensus of a recently released report from Freddie Mac’s Multifamily Research department, which also notes that there has been major growth in the single family home rental market. The number of 1-4 unit buildings rented has grown by 3 million – a 16 percent increase – since 2007.
The report casts a rosy glow over the future for multifamily, which has been enjoying low vacancy rates and rising rental incomes in most markets for the last couple of years.
Read more...Multifamily Demand Forecast | The Balance Sheet - Yardi Corporate Blog
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