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Single-family rentals remain popular with almost 136,000 units planned.
Colliers writes that lower cost and greater convenience are key benefits for all.
Renters also find apartments to be an entry into preferred neighborhoods where they couldn't afford to buy.
July was the third consecutive period of month-to-month growth.
HouseCanary Q2 report shows a 0.2% YoY increase with LA and San Diego now the priciest markets.
Atlanta and Detroit top the nationwide list.
Hello, Florida and Texas; goodbye, California and New York.
Born between 1997 and 2012, the group has its own set of varied criteria.
One exception is Charlotte, which is a particularly active market for new development.
Numbers return after last year's move-outs with the Midwest's Columbus gaining the top spot.