THE AMERICAN DREAM OF owning a home is still very much alive, but it will be no more than a dream for a growing number of people over the next five years. That's bad news for home builders, who already have big troubles, as June's reports on housing starts, existing-home sales, building permits and unsold-home inventories showed. But it is good news for anyone renting out a home, apartment or condo, or any real-estate investment trust specializing in residential rental properties.

With over 2.6 million apartment units updated each month, ALN Apartment Data is one of the most complete and accurate data provider available anywhere in the country. The Las Vegas Apartment Market Overview for June 2010 is now available to view.

Coming out of a tough recession has not been easy for multifamily real estate owners. While apartment buildings have performed better than some other asset classes, values have declined along with the overall market. The good news is that, as an owner, you don’t have to remain at the mercy of the market. In every market and in every phase there are companies that outperform their peers. According to our internal analyses, incremental differences multiplied over time and across all parts of your operation will enable you to outperform the market by a wide margin.

Apartment vacancies fell slightly during the second quarter, the first drop in three years, as improving consumer confidence reversed the trend of renters doubling up or moving in with family during the recession.

It’s a long way off, but by 2042, non-Hispanic whites will no longer make up the majority population in America. According to the U.S. Census Bureau they will instead be the largest minority. If you are a multifamily owner or manager, you need be thinking about that.