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Elevated Demand for Apartments Expected to Remain Due to Household Formation and Lack of Affordable Housing Options

Robust household formation and high housing prices will continue to drive demand for apartments.

Separate studies issued this week share the same conclusion that demand for rental apartments and other housing options will stay at elevated levels largely due to continued robust household formation and limited affordable housing options, especially for detached single-family houses. The first study was co-commissioned by the National Apartment Association (NAA).

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