Demand for Multifamily Rental Property Rises on Slowing Home Sales By Staff (AXcess News) Washington - With the U.S. economy slowing, consumers are becoming less interested in purchasing new or existing single-family homes, prompting the demand for rental property to rise. According to the National Association of Home Builders (NAHB), builders levels of confidence in constructing multi-family rental property rose in the second quarter of this year. Builder confidence in current rental apartment market conditions climbed to a new high in the second quarter of 2006, and their expectations for the next six months are even higher amid rising occupancy rates, rising rents, and increased traffic at all classes of rental apartments, according to results from the National Association of Home Builders/Fannie Mae Multifamily Rental Market Index (MRMI), released today. "We are in the midst of a solid comeback on the rental apartment side of the multifamily housing market," said NAHB Chief Economist David Seiders, who noted that during the last three years, condos have made up a rising share of multifamily housing production. "At the same time, thousands of existing rental units had been converted to for-sale units to meet what seemed an insatiable appetite for condos," said Seiders. "As a result, the supply of rental units is very tight at a time when the demand pendulum is swinging back to rentals," said Seiders. ***The rest is here*** What is our poor brother and sisters who have been priced out the housing market due to high interest rates on mortgage payment credit shot through the roof stagnant job market with layoffs discriminations and lower benefits going to do? 4 million homes on the seller market in US. The HIGHEST ever say real estate analyst. This will REQUIRE tremendous THOUGHT. An alternative may be to live in CARS with high GAS PRICES. Buy RVs or trailers. Hotels and motel rooms are twice the cost they were 4 years ago. This will be a strong DOMESTIC issue in STATE and FEDERAL elections. But what kind of advice from ourselves can we GIVE in such a situation? Will this require political and social MANUERVERING?