The multifamily sector will see an additional 1.7 million new renter households between now and 2015, according to a new forecast released by Freddie Mac's Multifamily Research Group.
Freddie Mac notes that its 1.7 million prediction is based on the possibility of continued slow economic growth. If the economic recovery accelerates, Freddie Mac forecasts that the demand will be in the range of 1 million new renters.
‘The research supports the optimism that currently pervades the multifamily market,’ says David Brickman, senior vice president of Freddie Mac's multifamily business. ‘It confirms that multifamily is a bright spot in the real estate market and the economy more broadly, and it will likely continue to shine for quite some time.’
