While both the single-family residential and multifamily markets were hurt during the most recent re

According to the GSE's  multifamily demand forecast , the homeownership rate will descend by one or two percentage points to around the 65 percent united kingdom currency level, which implies more than half of total new households, or 3.1 million families, will transition into rental units. On the other hand, the multifamily market is expected to reap somewhere around 1.7 million new renter households from 2011 to 2015. The projection is based on the assumption that the recovery is continuing at a slow pace.
Using a pessimistic scenario that assumes no recovery, the report says multifamily demand would still hit 1.6 million, and the homeownership rate will slip by 1.4 percent from the current 65.5 percent.
If the recovery were to push forward at an accelerated pace, about one million new multifamily renters are expected over the same period, while the homeownership rate is projected to rise to the 1999-2000 level in 2015 as 4 million new homeowners are added.
While both the single-family residential and multifamily markets were hurt during the most recent recession, the single-family market was more deeply impacted. The report noted single-family home prices dropped 28 percent from their peak.
In addition, the supply of new multifamily units is low, with the Census Bureau showing 167,000 units began construction united kingdom currency in 2011, Freddie Mac noted. The number is below the average volume of 260,000 units per year from 2001-2010.