Report: Detroit Needs 15,000+ New Apartments by 2030

Yes, Detroit has added more and more apartments every year since 2011, but it’s not enough. A new report by the National Multifamily Housing Council and the National Apartment Association has revealed that Detroit ranks 33rd nationally in need.

“Here in Detroit, we’re experiencing fundamental shifts in our housing dynamics, as more people are moving away from buying houses and choosing apartments instead. Detroit is experiencing modest population growth, which could increase in the future if recent manufacturing gains continue,” said Deborah Oaks, President, Detroit Metropolitan Apartment Association.

As a result, and as confirmed by the report, Detroit needs a wide range of apartment types, at all price points.

Continue to full article.