- Job Growth, with 4 million new jobs generated has caused need for rentals.
- Rising Home Prices, have increased 12 time higher than rent and has forced people to rent instead of buy a home.
- Condo Conversions, with the increase of conversion have kicked renters out and causing a shortage of apartments and construction being down.
- Hurricane Katrina, had many renters that are still displaced which has put additional pressure on rentals through the country.
Courtesy of PlanetRealtor 5/30/06.