• Economists at the Ziman Center for Real Estate at UCLA say they expect that climbing rents during the current multifamily boom will get high enough after 2014 that owning will look more attractive.
• Senior economist David Shulman says the U.S. dream of home ownership is not dead, and it will wake up again when rents go too high.
• Until then, however, demand continues to exceeds supply, rents keep rising, and Shulman and his colleagues expect starts on 400,000 units in 2014. Investors looking for returns are fueling the construction.

From the article:

The dramatic rise in multifamily starts will continue for another two years as more credit starved individuals turn to apartment rentals, David Shulman, senior economist with the UCLA Ziman Center for Real Estate, suggested in a new report. ...