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US rental-home shortage benefits Wall St
Corporate landlords enjoying higher rents amid 7.4% fall in rental vacancy rate in Q3
OVERTAKING PRICE HIKE: Rents of all single-family homes and multi-family units are expected to climb 3.5 per cent next year, compared with a 2.5 per cent increase for home purchase prices.
PHOTO: BLOOMBERG
Los Angeles
CORPORATE landlords are benefiting from the worst US rental-housing shortage in more than a decade as construction trails demand and more Americans opt to lease rather than buy.
There's an undersupply of single-family houses and apartments to rent for the first time...
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