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.
Chuck Schulman, president of Carlyle Management in Beachwood, Ohio, a Cleveland suburb.
This segment aired on September 1, 2016.
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- Driven by Multifamily Construction, U.S. Housing Starts Up 2.1 Percent in July
- San Francisco, Home To A Wild Housing Market
- Zillow And 'The New Rules Of Real Estate'
- Affordable Housing Hard To Come By In Seattle