Contact: Lauren Boston at 703-797-0678
ARLINGTON, Va. / Feb. 9, 2015 — “The just-released New York University Furman Center and Capitol One’s National Affordable Rental Housing Landscape underscores the new American Dream—a dream in which one-third of Americans are renting as a preferred lifestyle choice,” said Douglas S. Culkin, President & CEO of the National Apartment Association (NAA). “Renting offers the freedom and flexibility that homeownership often lacks, and the study reflects NAA’s own findings on renters’ evolving wants and needs.
"Millennials, in particular, gravitate toward urban cores and prefer to live close to public transportation, work, friends and cultural activities—even if that means sacrificing square footage. As the line between major cities and secondary markets becomes increasingly blurred, renters in all markets will look to apartment living for a housing option that places them in the center of the action.”
The National Apartment Association (NAA) is America’s leading advocate for quality rental housing. NAA’s mission is to serve the interests of multifamily housing owners, managers, developers and suppliers and maintain a high level of professionalism in the multifamily housing industry to better serve the rental housing needs of the public. As a federation of more than 170 state and local affiliates, NAA is comprised of over 67,000 members representing more than 7.6 million apartment homes throughout the United States and Canada.