๐จ.๐ฆ. ๐ก๐ฒ๐ฒ๐ฑ๐ ๐ฐ.๐ฏ๐ ๐ ๐ผ๐ฟ๐ฒ ๐๐ฝ๐ฎ๐ฟ๐๐บ๐ฒ๐ป๐๐ ๐ฏ๐ ๐ฎ๐ฌ๐ฏ๐ฑ ๐๐ผ ๐๐ฑ๐ฑ๐ฟ๐ฒ๐๐ ๐๐ฒ๐บ๐ฎ๐ป๐ฑ, ๐๐ฒ๐ณ๐ถ๐ฐ๐ถ๐ ๐ฎ๐ป๐ฑ ๐๐ณ๐ณ๐ผ๐ฟ๐ฑ๐ฎ๐ฏ๐ถ๐น๐ถ๐๐
That is the headline for the article summarizing the findings from the study done by Hoyt Advisory Services and Eigen10 Advisors, LLC commissioned by the National Multifamily Housing Council (NMHC) and the National Apartment Association (NAA).
โก๏ธ The rapidly growing Build-To-Rent sector emerged from a confluence of factors and has been recently called the “sandwich niche” solution. It is filling the gap for demand in the void that exists between traditional housing and traditional apartments.
Key findings:
โช๏ธShortage of 600,000 apartment homes. The 4.3 million apartment homes needed includes an existing 600,000 apartment home deficit because of underbuilding due in large part to the 2008 financial crisis.
โช๏ธLoss of affordable units.ย The number of affordable units (those with rents less than $1,000 per month) declined by 4.7 million from 2015 to 2020.
โช๏ธHomeownership.ย Apartment demand also factors in a projected 3.8% increase in the homeownership rate.
โช๏ธImmigration.ย Immigration is a significant driver of apartment demand, and levels tapered before the pandemic and have remained low. A reversal of this trend would significantly increase apartment demand.
https://bwnews.pr/4evhGNd
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