Is the Development and Design of Multifamily Rental Housing In Line with Recent Trends?
Renter household formation has outpaced owner household growth during the past few years spurring an increase in multifamily construction. Yet according to data from the Fannie Mae National Housing Survey, 51 percent of the renter respondents stated that they would like to own a home someday. Read the latest edition of Housing Insights, as Fannie Mae's Multifamily Economics and Market Research Group examines the demographic conditions that have contributed to the recent increase in multifamily supply, looks at the general characteristics of the new multifamily supply, and suggests implications for multifamily apartments given the continued stated preference to own among the primary renter cohort.
Is the Development and Design of Multifamily Rental Housing In Line with Recent Trends? (PDF)