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September 12, 2006

By Sule Aygoren Carranza

The single-family housing market is losing steam and the homeownership rate has declined for the first time in more than a decade. That's good news for the rental market, which has been experiencing gains in both demand and rental rates in recent months. However, Gleb Nechayev, a senior economist with Boston-based Torto Wheaton Research, says the for-sale market is still an important factor for the rental segment because it competes for households, particularly the middle-age cohort.

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