After completing a major demographic study projecting headship and homeownership rates through 2030, we concluded that demand for rental housing over the next 15 years will dramatically increase—and we as a nation are not prepared.
Our analysis projects that from 2010 to 2030, the growth in rental households will exceed that of homeowners by 4 million, with an increase of 13 million rental households and 9 million homeowner households. That's five renters for every three homeowners. Compared with the previous 20 years, the increase in homeowners was almost twice that of renters, even with the housing crash: 8.8 million new rental households and 16.1 million new homeowner households.
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http://www.urban.org/urban-wire/we-are-not-prepared-growth-rental-demand?utm_source=iContact&utm_medium=email&utm_campaign=Housing%20Finance%20Update&utm_content=HFPC+Update+-+7%2F7%2F2015
Will government imposed density limits be increased to allow the housing industry to adapt to the changing market?