Family-oriented rental housing represents an enticing expansion opportunity for builders and developers, driven by demographic trends, economic factors, and shifting consumer preferences, according to new research by the Urban Land Institute and RCLCO Real Estate Advisors.
"Although the number of families living in the United States remained relatively constant during the past decade, this demographic is poised to experience significant growth in the 2020s and beyond as more and more millennials have children," stated the authors of the report.
Here's a look at nine key takeaways from "Family Renter Housing: A Response to the Changing Growth Dynamics of the Next Decade" (text and charts courtesy ULI/RCLCO):
Download the full report, “Family Renter Housing: A Response to the Changing Growth Dynamics of the Next Decade.”
