Dive summary:

• Despite the movement of more people into the home-buying market, or perhaps because of it, house prices are rising faster than rents in all but three of the 25 largest markets, according to data from Trulia, and MFP Research finds that annual rent growth is picking up again, both of which are good news for apartment developers and thus for contractors.
• Consultant John Burns says there are not enough people with down payments saved up to drain the pool of renters overall, though he cautions that Dallas, Houston, Austin, and San Antonio, Calif.; Seattle, San Jose, Washington, D.C., Tampa, Fla., and Raleigh and Charlotte, N.C., need the economy to stay in recovery because so many units have come online there or are being built.
• One town in which apartment developers see strong demand is Colorado Springs, Colo., where Western National Group and Nor’wood Development Group are developing their fourth joint venture.

From the article:

"We’re adding enough new households for all types of housing to experience momentum at the same time," said [MPF Research Vice President Greg] Willett. ...