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November 29, 2014

Renter Pool Expected to Keep Growing

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Renter Pool Expected to Keep Growing

Between now and 2015, Freddie Mac’s Multifamily Research Group forecasts that there will be 1.7 million new multifamily renters due to the sluggish economy, high foreclosure rates, changing demographics, and the struggle of qualified home buyers. 

Meanwhile, since 2007, the single-family rental market also has grown, increasing 16 percent since that time and signaling that rental demand is popular across housing types. 

"The research supports the optimism that currently pervades the multifamily market," says David Brickman, senior vice president of Freddie Mac's multifamily group. "It confirms that multifamily is a bright spot in the real estate market and the economy more broadly, and it will likely continue to shine for quite some time."

Source: “1.7 Million New Renters Expected in Next Three Years,” HousingWire (Nov. 6, 2012)

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