U.S. Needs 4.6M New Apartments by 2030
June 12, 2017
WASHINGTON, D.C., June 12, 2017 – Delayed marriages, an aging population and international immigration are increasing a pressing need for new apartments, to the tune of 4.6 million by 2030, according to a new study commissioned by the National Multifamily Housing Council (NMHC) and the National Apartment Association (NAA). It’s important to note that:
Currently, nearly 39 million people live in apartments, and the apartment industry is quickly exceeding capacity;
In the past five years, an average of one million new renter households were formed every year, which is a record amount; and,
It will take building an average of at least 325,000 new apartment homes every year to meet demand; yet, on average, just 244,000 apartments were delivered from 2012 through 2016.
http://www.nmhc.org/News/US-Needs-4-...e-with-Demand/
