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All those new renter households are being formed because of increased job growth nationwide, according to a “Bloomberg Business” article about the Census Bureau report. The 2 million new occupied rental units include apartments, duplexes, triplexes, quadplexes and rented single-family homes.
Rental housing as a whole was 93% occupied in the fourth quarter of 2014, the report stated, the highest since 1993. Apartment properties with five or more units were 94.6% occupied in January 2015, according to data from Axiometrics, which collects its statistics by calling every property in its database every month. READ MORE
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