Multifamily properties made up 75% of New York City’s rental market. Large multifamily was concentrated in Manhattan, while small multifamily was more evenly distributed among the five boroughs.

Single-family rental residents have enjoyed a rise in national rental affordability during this cycle, with rents as a share of household income declining.

Millennial STEAM workers’ preference for small and large multifamily appears to be explained less by absolute income level differences, and more by a variety of personal preferences.

SFRs have emerged as a significant source of construction demand during this cycle. Since the last recession, the number of construction starts is up by more than 55%.

Millennials’ growing preference for high-skill jobs is translating to higher shares of white-collar Millennial workers in both small and large multifamily.

Amenity-rich large multifamily is increasingly geared toward high-skill jobs within the urban core, while the more dispersed and affordable small multifamily cater to a wider mix of workers.

While still at a nascent stage, the segment of seniors living with roommates is proving to be prevalent in both large and medium-sized metros.

Since 2005, the number of single-family rental (SFR) households had swelled by more than 36%. Over the same period, total U.S. households increased by 11%.

Women make up a slightly larger share of seniors co-living in apartments, while divorcees and those separated form the largest group of co-living seniors.

Sharing rental homes is no longer just a Millennial affair. The number of seniors living with unrelated roommates has swelled in recent years, capturing the national spotlight