Apartment Rentals Now Make Up a Larger Share of New Housing Units in the U.S. Than They Have in Decades via NREI

Apartment rentals have been luring residents away from other kinds of housing since the housing crash—and that is not likely to change in the foreseeable future.

“Apartments should continue to play a role in the total housing market that goes beyond the historical norm,” says Greg Willett, chief economist for Real Page Inc., a property management software and services provider based in Richardson, Texas.

In the years after the Great Recession, millions of people lost homes to foreclosure and had to move, often into apartments.

Read more...Apartment Rentals Now Make Up a Larger Share of New Housing Units in the U.S. Than They Have in Decades via NREI