People patterns make markets--and unmake them. Here, Calculated Risk post-meister Bill McBride asserts that, after several strong years for multifamily, the move "from owning to renting" is mostly over, and demographics for apartments are still positive - but less favorable than 6 years ago.

McBride observes that demographic destiny--the millennial cohort swelling the ranks of 20 to 29 year-olds--created the tidal wave of demand for multifamily and for-rent development and building. McBride writes:

For buying, the 30 to 39 age group (blue) is important (note: see Demographics and Behavior for some reasons for changing behavior). The population in this age group is increasing, and will increase significantly over the next decade.

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