Baby Boomers, Less Homeownership Supports Apartment Markets
The apartment business is depending on strong demographics and stronger demand to keep absorbing the hundreds of thousands of apartments still planned to open this year. By 2024, demographic and economic changes will bring what could be one of the largest expansions in the history of the U.S. housing market-15.9 million additional households, according to a recent report by the Mortgage Bankers Association.
