So what do we see directly: Rental vacancies are falling. The rental market is tightening up. We should expect higher rents and thus higher inflation in the near future.
However, the story does not end there. Household formation in incredibly low. There are maybe 2 million “missing households.” On top of that both single family and multifamily (apartment) complex completions are set to tie record lows for 2011.
Read Full Article »