{"id":6920,"date":"2014-09-17T12:43:25","date_gmt":"2014-09-17T12:43:25","guid":{"rendered":"http:\/\/www.anthonydidonato.net\/wordpress\/?p=6920"},"modified":"2014-09-17T12:43:25","modified_gmt":"2014-09-17T12:43:25","slug":"renters-account-growth-household-formation","status":"publish","type":"post","link":"http:\/\/www.anthonydidonato.net\/wordpress\/renters-account-growth-household-formation\/","title":{"rendered":"Renters Account for Growth in Household Formation"},"content":{"rendered":"<h2>Renters Account for Growth in Household Formation<\/h2>\n<div id=\"attachment_6921\" style=\"width: 400px\" class=\"wp-caption alignnone\"><a href=\"http:\/\/www.anthonydidonato.net\/wordpress\/wp-content\/uploads\/2014\/09\/ID-100258105.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-6921\" class=\"size-full wp-image-6921\" src=\"http:\/\/www.anthonydidonato.net\/wordpress\/wp-content\/uploads\/2014\/09\/ID-100258105.jpg\" alt=\"Renters Account for Growth in Household Formation.   Image courtesy of  hywards \/ FreeDigitalPhotos.net\" width=\"400\" height=\"266\" srcset=\"http:\/\/www.anthonydidonato.net\/wordpress\/wp-content\/uploads\/2014\/09\/ID-100258105.jpg 400w, http:\/\/www.anthonydidonato.net\/wordpress\/wp-content\/uploads\/2014\/09\/ID-100258105-300x199.jpg 300w\" sizes=\"auto, (max-width: 400px) 100vw, 400px\" \/><\/a><p id=\"caption-attachment-6921\" class=\"wp-caption-text\">Renters Account for Growth in Household Formation. Image courtesy of hywards \/ FreeDigitalPhotos.net<\/p><\/div>\n<p>Construction on buildings with at least five apartments reached the highest monthly pace since the beginning of 2006, Freddie Mac reports in its Economic and Housing Market Outlook for September. But one big difference compared to 2006, Freddie economists note, is that there is less development of condominium complexes, and most of the multifamily offerings are rentals.<\/p>\n<p>&#8220;Over the past four quarters, all the growth in net household formations has been among renters,&#8221; Freddie Mac&#8217;s report notes. &#8220;The decline in home ownership rates has been primarily concentrated among younger households.&#8221; Over the past decade, the home ownership rate among those 35 years old and younger has fallen from 43.6 percent to 35.9 percent.<\/p>\n<p>The rising number of tenant households has prompted vacancy rates to drop to the lowest level since 2000.<\/p>\n<p>&#8220;The apartment market has been vibrant, reflecting the desire of many Millennials to live in an urban setting and retain locational flexibility,&#8221; says Frank Nothaft, Freddie Mac&#8217;s chief economist. &#8220;Unfortunately, if they&#8217;re looking to live in the larger cities, that&#8217;s where rents are rising the fastest, especially in the West or Northeast regions of the United States \u2014 places like Los Angeles and New York City. In the South region, areas like Miami and the Washington-Baltimore metro have seen real rents exceed the U.S. average. But in the Midwest, only the Chicago metro area has outstripped the U.S. average.&#8221;<\/p>\n<p><em>Source: <a href=\"http:\/\/freddiemac.mwnewsroom.com\/press-releases\/freddie-mac-september-2014-u-s-economic-and-housi-otcqb-fmcc-1144535\" target=\"_blank\">Freddie Mac<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Renters Account for Growth in Household Formation Construction on buildings with at least five apartments reached the highest monthly pace since the beginning of 2006, Freddie Mac reports in its Economic and Housing Market Outlook for September. But one big difference compared to 2006, Freddie economists note, is that there is less development of condominium &hellip; <\/p>\n<p><a class=\"more-link btn\" href=\"http:\/\/www.anthonydidonato.net\/wordpress\/renters-account-growth-household-formation\/\">Continue reading<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,8],"tags":[5,32,4,9],"class_list":["post-6920","post","type-post","status-publish","format-standard","hentry","category-news","category-real-estate-tips","tag-anthony-didonato","tag-news","tag-real-estate","tag-tips","item-wrap"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Renters Account for Growth in Household Formation - Real Estate Agent and Sales in PA - Anthony DiDonato Broomall, Media, Delaware County and surrounding areas in Pennsylvania<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.anthonydidonato.net\/wordpress\/renters-account-growth-household-formation\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/renters-account-growth-household-formation\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/renters-account-growth-household-formation\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"headline\":\"Renters Account for Growth in Household Formation\",\"datePublished\":\"2014-09-17T12:43:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/renters-account-growth-household-formation\\\/\"},\"wordCount\":266,\"publisher\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"image\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/renters-account-growth-household-formation\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/wp-content\\\/uploads\\\/2014\\\/09\\\/ID-100258105.jpg\",\"keywords\":[\"Anthony DiDonato\",\"News\",\"Real Estate\",\"tips\"],\"articleSection\":[\"News\",\"Real Estate Tips\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/renters-account-growth-household-formation\\\/\",\"url\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/renters-account-growth-household-formation\\\/\",\"name\":\"Renters Account for Growth in Household Formation - Real Estate Agent and Sales in PA - Anthony DiDonato Broomall, Media, Delaware County and surrounding areas in Pennsylvania\",\"isPartOf\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/renters-account-growth-household-formation\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/renters-account-growth-household-formation\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/wp-content\\\/uploads\\\/2014\\\/09\\\/ID-100258105.jpg\",\"datePublished\":\"2014-09-17T12:43:25+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/renters-account-growth-household-formation\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/renters-account-growth-household-formation\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/renters-account-growth-household-formation\\\/#primaryimage\",\"url\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/wp-content\\\/uploads\\\/2014\\\/09\\\/ID-100258105.jpg\",\"contentUrl\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/wp-content\\\/uploads\\\/2014\\\/09\\\/ID-100258105.jpg\",\"width\":400,\"height\":266,\"caption\":\"Renters Account for Growth in Household Formation. 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