National Apartment Association (NAA) President and CEO Doug Culkin went on CNBC Tuesday morning to comment on the U.S. housing market. He observed that the home buyers' market seems to be "where the pain is," citing rising mortgage rates and inventory as problem areas. He then hailed the nation's rental housing market as being "pretty strong," especially with so many demographic groups -- young adults, married couples without children, empty nesters, and so forth -- seeing apartments as a more viable living option. Culkin said that one big thing going in his sector's favor is supply and demand.
Read more of the CNBC recap in today's Industry Insider.