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NAR: Renting on the Rise

  • January 5, 2012

by Erin Calandriello

Homeowner occupied units

On his blog today, National Association of Realtors Chief Economist Lawrence Yun wrote about the growing trend of renters versus homeowners in the country.

From Yun:

Every year about 2.5 to 3 million additional people are added as the number of births run at around 4 million per year, deaths at 2 million, and 1 million or so are added through immigration inflow. Normally, such population gains would translate into 1 million household formations each year, which would directly translate into 1 million in housing demand in the form of either renters or homeowners. But household formation came to a halt because of difficult economic circumstances, with more people doubling/tripling up and a greater number of young adults living with their parents.

Renter occupied units

This article originally published at

Ted Guarnero

Baird & Warner



Gold Coast

Printers Row & Dearborn Park


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