Multifamily Market to Remain Strong through 2015 with 1.7 Million New Renters
|November 8, 2012|
The multifamily market and demand for rental housing will remain solid and healthy through 2015, Freddie Mac reported in its multifamily real estate market demand forecast.
According to Freddie Mac, there will be an additional 1.7 million new multifamily renter households between now and 2015. 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.
"The research 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,” said David Brickman, senior vice president of Freddie Mac Multifamily. "The economic data indicates that current rental markets are very strong with low vacancy rates, rising rents and solid demographic trends. What this research demonstrates is that these conditions are likely to remain in place for several years to come."