Demand for Apartments Proves Stronger Than Thought, Driven by Millennials

Good news for multifamily housing—demand for space is likely to be even stronger than experts estimated, helping the sector keep ahead of new construction for the immediate future, according to the Mid-Year Outlook 2104 from Freddie Mac Multifamily Research. “For a majority of the markets… new supply will continue to be absorbed as it enters the market and rents will continue to rise,” the agency’s researchers note. Apartment pros have been increasingly worried …

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