Nearly 52% of young adults, ages 18-29, are living at home with their parents. That’s the largest percentage since the Great Depression. The COVID-19 Pandemic is to blame, says a recent Pew Institute Research study.
This information, has many investors and players in the multifamily sector hedging their bets to see this pandemic housing situation play out in their favor as the market improves and young adults fly the nest, turning to multifamily for their housing needs.
Long seen as a high yield, quality asset, multifamily continues its position of growth, even after some contraction due to the pandemic. Long term effects of housing shortages and affordability issues will continue to spur growth in a market that is currently not keeping up with the demand.
To read the full article, please visit: https://www.globest.com/2020/11/16/housing-shortage-keeps-capital-flooding-into-multifamily/
UES Consulting Services, Inc., is a nationwide environmental consulting firm, specializing in Phase I ESAs, Phase II Subsurface Investigations and remediation, along with Property Condition Assessments (PCAs).