10/20/2022
Did you know that over 100 million renters live in the United States? Not only is this a record-high, but forecasts indicate that this trend will persist throughout this decade and into the next.
Generation Z, the largest demographic group ever, has started to mature into new renters, while rising expenses keep making homeownership unattainable for most millennials. In addition, as baby boomers downsize and move to cities, the number of renters has steadily increased.
To keep up with the pace, the United States will need to build 4.6 million additional housing units by 2030, or 50% more than what was built in the previous ten years.
For some years now, the building has been unable to keep up with demand; this creates a perfect opportunity for multifamily investment companies like Achieve Investment Groups. For our investors, this is an exciting period due to the possibility of future rent growth and the current demographic changes.
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