In The Great American Apartment Boom, It's A Landlord's Market10:56
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A large "rent" banner is posted on the side of an apartment building on June 15, 2012 in San Francisco, Calif. (Justin Sullivan/Getty Images)
A large "rent" banner is posted on the side of an apartment building on June 15, 2012 in San Francisco, Calif. (Justin Sullivan/Getty Images)

Home ownership in the U.S. is at its lowest rate since 1965, while the share of U.S. households who rent is nearing a 50-year high.

Cities across the country are building multifamily housing faster than single-family homes, and the resulting apartment boom is upending urban areas from Northeast Ohio to the San Francisco Bay Area.

Here & Now's Jeremy Hobson gets the view from Cleveland and Houston, via Chuck Schulman and Tim Surratt, and puts it in context with Svenja Gudell, chief economist for the real estate database Zillow.

Guests

Svenja Gudell, chief economist of Zillow. She tweets @SvenjaGudell. Zillow tweets @zillow.

Chuck Schulman, president of Carlyle Management in Beachwood, Ohio, a Cleveland suburb.

Tim Surratt, a realtor with Greenwood King Properties in Houston and a board member of the Houston Association of Realtors.

This segment aired on September 1, 2016.

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