Six Things to Know About Job Growth and the Multifamily Sector

Steady job growth will continue to fuel the top apartment markets through 2017, according to the latest forecasts. Lower-paying jobs will help keep apartments full in Class-B communities and Sun Belt metro areas. Higher-paying, tech jobs will help fill new, luxury communities. And Millennials will continue to crowd into big cities. “With an improved labor market, household formation among young people will start to increase,” says Ethan Vaisman, real estate economist, CoStar Portfolio Strategy. “They will continue to flock to metros where significant job opportunities exist.”

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