Thursday, January 9, 2014

Apartment occupancy up, vacancy down for fourth straight year

Photo Credit: Usaf 1832
According to this report, new apartment construction, rents, vacancy, and total units are up, while household formation is down and population is down. Check it out:

Here's another interesting phenomenon: household income is up over 13% over the four-year reporting period and an average of 4% observed growth per year. A good sign for a coming recovery.

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