The laws of supply & demand manifest themselves in everything from eggs & gasoline prices to the number of vacant apartment units. Newly released Commerce Department data are showing that a drop in the U.S. Rental vacancy rate is precipitating a construction boom among builders as well as the expected effect of an increase in rental rates.
The Wall Street Journal recently noted that “At a time when few investments offer much in the way of income, rising rents have helped make the landlord business more attractive.” They also report that June saw the most multi-family unit housing starts since 1986.
For more information see Rental Demand Supplies Home Building Opportunity, WSJ 7/28/15 (subscription may be required).
