Andy McCulloch, the head of residential research at Green Street Advisors, a real estate analysis firm, said it was a misconception that growing momentum in the single-family housing market would hurt the rental market.
“If the single-family market gets better it could help jobs, it could help incomes and you could see rent continue to rise,” he said. Constraints on lending, Mr. McCulloch said, will also keep a lid on the number of new homeowners.
“If I was an apartment landlord, the only thing that would really freak me out from the buying side is the return of easy credit,” he said. “But that doesn’t seem to be coming back anytime soon.”