Industry News

Here’s Evidence That Millennials Are Still Living With Their Parents

Millennials, the 82 million people born between 1981 and about 2000, have been plagued by chronic underemployment since the recession, causing more and more to live at home longer.

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Apartment Rents Grow Faster than Incomes

Across most markets, renters are paying a higher percentage of their incomes in rent. Most of the renters who live in “market-rate” apartments, in which the rents are not restricted by affordability programs, have enough income to pay for current rent increases.

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Apartment Markets Survive New Construction, So Far

So far, the news is good from many apartment markets where developers have built large numbers of new apartments relative to market’s inventory of existing apartments.

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