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Study: Rental Boom is Boon to the National Economy, Contributing $1.3 Trillion in 2013
The multifamily housing rental boom is a real boon to the economy and local communities. Fueled by demographic changes like the burgeoning Millennial population and a rediscovery of metropolitan urban cores by the Baby Boomers, the apartment industry and its 36 million residents contributed an impressive $1.3 trillion to the U.S. economy and supported 12.3 million jobs in 2013
