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Once a nation of homeowners, U.S. turns to rentals

Posted on 17 August 2011

Builders starting on new apartments are busier than ever these days as demand for rentals climbs and the once-sacrosanct American dream of home ownership fades.
The Commerce Department said on Tuesday housing starts slipped 1.5 percent in July to a seasonally adjusted annual rate of 604,000 units. But starts on multifamily housing, often used for rentals, rose 7.8 percent to 179,000 units……………………………………….Full Article: Source


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