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Who rents and why? <br />There has been steady growth in the number of <br />• <br />households that rent both locally and nationally. <br />Nationally, 37% of households rent compared with 31% <br />• <br />in 2005. <br />Renting has increased across all age groups, household, <br />• <br />and income types. <br />Households headed by people age 30-69 have driven <br />• <br />most of this growth. <br />The Great Recession temporarily suppressed household <br />• <br />formation among younger people but increased renter <br />demand due to foreclosures. <br />3 <br /> <br />