Will the apartment sector’s strong performance hold long-term?
Source: nreionline.com
Demand for rental apartments over the next couple of decades could likely continue to be very strong as homeownership rates continue to fall. Even without further declines to the homeownership rate, demographics will drive up the number of renter households over the next 10 years by more than 4.4 million, according to the Joint Center for Housing Studies at Harvard University. That’s an average of 440,000 new households a year!