In communities across the country, apartments work – helping people live in a home that’s right for them. Learn how apartments and their residents contribute more than $1 trillion to the economy.
Apartment homes and their residents contribute $1.3 trillion annually to the economy. That’s more than 12 million jobs in construction, operations, leasing, management and skilled trades, as well as all the local businesses supported by apartments and the millions who live there.
And demand for apartments continues to grow. With 77 million Baby Boomers who may consider downsizing and nearly 80 million Echo Boomers beginning to enter the housing market, it’s no surprise that Harvard University research suggests that up to five million new renter households will form this decade. For more information about the campaign, email firstname.lastname@example.org.
For more than 20 years, the National Apartment Association (NAA) and the National Multifamily Housing Council (NMHC) have partnered on behalf of America’s apartment industry.