It’s been years since the “Great Recession” ended, and the housing market is still picking up the pieces that were scattered throughout the nation. Foreclosed properties, stalled construction projects and low homebuyer confidence have shifted the mindset of homeownership. Four out of 10 renters are under the age of 35; however, more than a third are middle-aged (between 25 and 54). So although the millennial generation has a definite stronghold on the rental market, Americans of all ages are playing a role in the growth of the home rental sector. According to the National Multifamily Housing Council, 35 percent of renters live in a single-family home, trailing just behind the amount of people living in multifamily unit buildings of five or more units.
