The U.S. has a demand of roughly 325,000 new apartment homes each year on average. 289,000 were in development in 2020.

10-12 million apartments need renovation from now to 2030.

Immigration and work visas are predicted to account for half of all new U.S. population growth through 2030 and immigrants mostly rent.

For millennials 22-37 most common form of living is renting, and they like lots of amenities.

Seniors are choosing the convenience of apartment living over ownership.

Even if home prices flatten or go down in 2022, the cost won’t go down enough to then shift renters to buyers.

For more information about the multi-family market please visit: https://www.multifamilyinsiders.com/