U.S. apartment rentals surged in the first half by 215,000 occupancies, nearly twice the number...

|By:, SA News Editor

U.S. apartment rentals surged in the first half by 215,000 occupancies, nearly twice the number in all of last year, and the vacancy rate slipped to 6.6% from December's 8.2%. A number of factors apply, including lower homeownership due to foreclosures, but it should mean increased earnings for REITs like Equity Residential (EQR) and AvalonBay (AVB).