DALLAS—”It’s not clear that renting is the new normal, but it could be,” Doug Bibby, president of the National Multifamily Housing Council, told a webinar audience earlier this week. Further, Bibby said, “household formation currently favors our sector.”

Bibby was the lead-off presenter in the seventh annual webinar presented by Humphreys & Partners Architects. The one-hour presentation covered apartment market demographics, the development pipeline, trends in occupancy and rent growth, and construction costs.

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