Lower Housing Inventory May Push Rental Demand in the future

The next decade may bring millions of new renters. Although new housing starts are up, construction will likely take some time to complete – as a result, the low housing inventory may push prospective homeowners to consider renting first.

As well, market Influences such as tougher lending standards, larger down payments needed and diminished incomes among new generations of buyers may play into the increase in renters in the years to come.

However with an improving economy, increases in disposable incomes and more flexible and open lending standards, future buyers may yet play a role in a strong housing market – only time will tell.

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