Bullish Report on Triangle Apartment Market

A new study - commissioned by the National Multifamily Housing Council - highlights just how acute the need for new dwelling units will be over the next 15 years or so. According to the report, the US needs 4.6 million new apartments by 2030 - and one of the cities with the greatest need? Raleigh, NC - which is right in our backyard. From the article: “We’re experiencing fundamental shifts in our housing dynamics, as more people are moving away from buying houses and choosing apartments instead. More than 75 million people between 18 and 34 years old are entering the housing market, primarily as renters,” said Dr. Norm Miller, Principle at Hoyt Advisory Services and Professor of Real Estate

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