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Rental Demand is Surging in Record Numbers

Mon December 14, 2015

The last decade has seen an unprecedented demand for rental housing, driven largely by the bursting of the housing bubble and demographic shifts, according to a report from The Joint Center for Housing Studies of Harvard University released this week.

The percentage of U.S. households that rent rose from 31 percent in 2005 up to 37 percent by mid-2015, the highest level of renters in five decades. The 10-year period from 2005 to 2015 saw the number of renters nationwide increase by 9 million up to 43 million by mid-2015, the largest gain in renters for any 10-year period on record.

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