Between 2010 and 2030 — the year millennials are to reach peak homebuying age — new renters will exceed new home owners by 4 million, according to the report.
The renter population is expected to only get bigger in the next 15 years and will likely exceed new home owners by millions, according to a newly released report by the Urban Institute, «Headship and Homeownership: What Does the Future Hold?»