California Apartment Association

In his housing predictions for 2014, Trulia’s chief economist forecasts declining supply and demand for single-family rentals and the opposite for multifamily rentals in urban areas.

“Ironically, economic recovery means that the overall homeownership rate will probably decline, as some young adults form their own households as renters,” writes Jed Kolko on the Trulia blog. “Still, the shift in rental activity from suburban single-family to urban apartments would be yet another sign of housing recovery.”