Why The Apartment Cycle Is Good For Five More Years
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The apartment pipeline is strong.
WASHINGTON, DC—Fundamentals in the multifamily space should continue their golden trajectory for several more years, based on the latest numbers about US homeownership from the US Census Bureau. Indeed, coupled with other recent reports on multifamily dynamics, it is safe to call the asset class bullet proof, at least for the medium term.
US home ownership, of course, has been steadily falling since the Great Recession. On Tuesday, though, it hit a low that gives one pause — to say nothing of putting it within spitting distance of awe-inspiring benchmark…
