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Why the U.S. still faces a housing shortage
The largest population subset is approaching a period in life that traditionally correlates with a transition to homeownership, but the barriers to purchase a house and benefits of apartments will prolong millennials’ renter cycle, according to Multifamily Population Trends, a report by Marcus & Millichap. Gen Z household creation, meanwhile, has been accumulating, as many lived with parents during the pandemic. The merger of these two groups will buoy apartment demand.
To read the full report, click here.