Apartment Occupancies: As job growth goes so does occupancy go
Unemployment jumped to 7.2% in Saint Louis this month, up from 5.6% just one year ago. We all know that job creation and growth lead to household formation and thus apartment rentals and home purchases. Historically just 10% of the formed households lease apartment homes.
I say all that to suggest that some of the key fundamentals of our business are turning the wrong way. At least that is my view.
Let me know what you think.
Your trying to remain optimistic apartment maniac,
M
