Just how dramatic has housing shifted towards rentals, in the last seven years?

Sixty-five percent of Miami residents now live in rental housing, up from 60 percent in 2006; as if that weren’t enough, the renter population in Miami is up 25 percent in the last seven years, and while construction of rental units is up 22 percent, construction of owner units is down 5 percent, all of which has contributed to Miami having the largest share of renters in any U.S. city (yes, even higher than New York City!).

Those were some of the findings in a hugely informative study from the NYU Furman Center, which set out to chronicle the U.S. trend away from ownership and towards renting; we’ve long heard that major U.S. cities were embarking on such trends, the Furman Center study has shed a new light on just how pronounced that transformation has been.

See our infographic below for more details: