U.S. multifamily market to remain strong through 2015: Freddie Mac

WASHINGTON, Nov. 5 (Xinhua) -- The U.S. multifamily market and demand for rental housing will remain solid and healthy between now and 2015, according to a study released by the U.S. mortgage giant Freddie Mac on Monday.

The research found that given assumptions consistent with economic growth slightly slower than long run averages, multifamily demand was likely to be in the range of 1.7 million net new renter households through 2015.

Multifamily housing, the majority of which is used as rental apartments, currently accounts for 42 percent of the rental market, and others choose to rent single-family homes. In an optimistic economic recovery scenario, multifamily rental demand will be more muted because of competition from the owner market.

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