From the Wires
Multifamily Market To Remain Strong Through 2015 With 1.7 Million New Renters
By: PR Newswire
Nov. 5, 2012 01:30 PM
MCLEAN, Va., Nov. 5, 2012 /PRNewswire/ -- The Freddie Mac (OTC: FMCC) Multifamily Research Group today released its multifamily real estate market demand forecast for the next several years. The paper forecasts a base case that entails slow economic growth with an additional 1.7 million new multifamily renter households between now and 2015. In addition, the paper forecasts that the multifamily market and demand for rental housing will remain solid and healthy during the same period of time.
The forecast analyzes demographic trends, housing supply and economic data. The scenario-based approach explores rental market conditions under different economic environments: slow growth, no growth and accelerated growth.
Freddie Mac was established by Congress in 1970 to provide liquidity, stability and affordability to the nation's residential mortgage markets. Freddie Mac supports communities across the nation by providing mortgage capital to lenders. Today Freddie Mac is making home possible for one in four homebuyers and is one of the largest sources of financing for multifamily housing. www.FreddieMac.com. Twitter:@FreddieMac
SOURCE Freddie Mac
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