Industry Analysis & Industry Trends
Demand for the industry will remain relatively strong over the next five years as homeownership rates stay flat. Furthermore, sustained unemployment will cause consumers to rent more instead of buying. US demographic changes, particularly regarding population trends and marital rates, will likely limit demand for homeownership, supporting modest industry growth... purchase to read more
Industry Report - Industry Locations Chapter
The distribution of apartment rental establishments typically follows population concentration. The more people that live in a particular area the more apartments there are. Population density is also important. For example, in large cities where there is limited space, apartments make up a larger proportion of housing.
Mid-Atlantic and Southeast
The Mid-Atlantic and Southeast regions account for about 26.7% and 19.8% of industry establishments respectively, making them the two largest homes for establishments. However, the Mid-Atlantic accounts for the most locations even though it only has the country's third largest proportion of population. The primary reason for this is New York, which alone makes up 18.5% of establishments... purchase to read more