Report: Renter growth to explode by 2030

rentingDaily Real Estate News

The renter population is expected to only get bigger in the next 15 years and will likely exceed new home owners by millions, according to a newly released report by the Urban Institute, “Headship and Homeownership: What Does the Future Hold?”

Between 2010 and 2030 – the year millennials are to reach peak homebuying age – new renters will exceed new homeowners by 4 million, according to the report. Broken out, the report estimates 13 million renters to 9 million homeowners by 2030.

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