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.