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The multifamily market has been watching with some consternationthe rental caps established in states and local areas. But thataside, there are few clouds on the horizon for the sector—andplenty of reason to expect that more growth will be had in2020.
For instance, household growth this year will be 12% above thecurrent cycle's yearly average as 1.3 million new households areformed, according to Marcus & Millichap. This will generateadditional demand for rental housing as home sales have remainedstable for four years at about 450,000 houses per year.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
