Tuesday, October 18, 2011

Only One Bathroom?

There is not much residential construction going on out there, and what is being built fails to address the new forces shaping the housing market. Example: Among the 125,000 new multifamily rental units completed in 2010, the 54 percent majority had only one bathroom. These units are hitting the market at a time when fewer people are living alone and more young couples who could afford to buy a house are choosing to rent. One bathroom isn't enough.

Source: Census Bureau, Characteristics of New Housing

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