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Analysis

NMHC: Rising Vacancy Rates No Reason to Stop Housing Development

Federal government action can help to solve US housing shortage.

The current short-term lessening of apartment demand is no reason for the industry to ignore the long-term trend that the country needs more housing, according to a post by the National Multifamily Housing Council (NMHC) last week.

After a tremendous, multi-year run of rent growth, tents have fallen due to slowing demand in the latter part of the year because of economic uncertainty and increasing vacancy rates, NMHC said.

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Paul Bergeron

 

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