NAA Industry Insider: Rental Housing Grows More Scarce, Driving Rents Up

New Commerce Department data shows that demand for U.S. rental housing continues to climb more than four years after the recession, pushing up rents and cutting into Americans' disposable income. The rental vacancy rate -- or the share of apartments that are vacant and available for rent -- declined 0.5 percentage point to 8.2 percent in the fourth quarter compared to the same period a year earlier.

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