Characteristics of New Rental Units

Studies show that many homeowners would consider renting in the future. The nation's developers are responding with skepticism. Judging from the characteristics of the 155,000 new rental units completed in 2012, builders are scaling back on amenities...

• Only 58 percent had two or more bedrooms, down from 63 percent in 2011 
• Only 46 percent had two or more complete bathrooms, down from 51 percent in 2011
• Units were a median 1,081 square feet in size, down from 1,117 square feet in 2011

Source: Census Bureau, Characteristics of Units in New Multifamily Buildings Completed