| The rental market for U.S. homes tightened during the third quarter from a year earlier, providing support for developers to build new apartments. The rental vacancy rate was 9.8 percent during the third quarter, down from 10.3 percent a year earlier, the Commerce Department said on Wednesday. The reading, which is not adjusted for seasonal changes, was 9.2 percent in the second quarter.
The report also showed that the country's homeownership rate increased marginally when adjusting for seasonal swings...............................................Full Article: Source
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