US home rents up in March, but signs suggest an easing trend

For all of 2015, finished construction of multifamily buildings soared 21 percent, according to the Commerce Department.

[...] recently, rents had been steadily rising at more than double the pace of wages.

Demand for rentals may continue to be strong because relatively few millennial renters have enough savings to buy a home, according to a survey released this week by Apartment List, which helps renters search for housing.