The Crisis In Housing, Part 2: The Multifamily Conundrum

Benzinga, Mar. 29, 2022–Phil Hall
“If you look at vacancy rates across rental housing and homeownership housing, they’re at extremely tight levels,” said Jamie Woodwell, vice president in the research and economics group at the Mortgage Bankers Association (MBA). “So, the entire U.S. housing stock is essentially full right now, and that overall lack of supply of units is what we see driving home price appreciation as well as increases in rents. And what that leads to is the need for more development.”
https://www.benzinga.com/government/22/03/26345114/the-crisis-in-housing-part-2-the-multifamily-conundrum