1.7 Million New Renters, Single Family Rentals Grow By 3 Million

December 10th, 2012  |  By Dylan

Seattle city skyline against blue sky, Seattle, Washington, United States
"Listen to audio version"
1:02

The Freddie Mac (OTC: FMCC) Multifamily Research Group today released its multifamily real estate market demand forecast for the next several years.  The paper forecasts that the demand for rental housing will remain solid through 2015.

Some highlights of the study:

  • The homeownership rate will drop 1 to 2 percentage points if the current slow recovery continues.
  • The single-family rental market, a growing and distinct market from multifamily, has expanded 16 percent (about 3 million units) since 2007.
  • Multifamily market demand is expected to be strong through 2015 primarily due to demographic trends and a decreasing national homeownership rate.
  • Rental demand will continue to grow faster than historical averages.
  • Multifamily demand is likely to be 1.7 million new renter households between now and 2015 (slow growth prediction).

You can download the full report here http://www.freddiemac.com/multifamily/industry_insights.html

Next Post

    Latest Posts

    A contractor with maintenance tools inside a home

    Cash Flow Killers: 5 Maintenance Mistakes Multifamily Owners Make

    Read Full Post
    A judge gavel in front of a model home

    Seattle's first-come, first-served Rental Law Rejected by Judge

    Read Full Post
    A man holding house keys inside his home

    How to Reduce Tenant Turnover in Your Seattle Multifamily Property

    Read Full Post
    A rental application on a tablet

    How Do You Know If Your Rental Application Is Approved? 7 Clear Signs

    Read Full Post

    Subscribe To
    Receive The Latest News

    Similar Posts

    By Real Property Associates  |  Sep 21 2023

    How Much Will My Property Rent For? Unlocking the Ideal Monthly Rent

    How do you know if you're charging enough (or too much) rent? It's a crucial question to explore for...

    By Real Property Associates  |  Oct 8 2024

    Using Online Rental Tools and Calculators: Rent Estimation

    Setting the right rental price is crucial for attracting quality tenants and maximizing your investm...

    By Real Property Associates  |  Sep 10 2024

    Analyzing Local Rental Trends: Setting the Perfect Rent Price

    Setting the perfect rent price for your property is essential for attracting quality tenants and max...