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Measure on resales, Q4 industrial resales of $173 million declined 27% year on year. I would like to highlight that this represents the 14th consecutive increase in annual dividends, since we initiated dividends in fiscal 2011. And reflecting this trend, we now expect broadband to show recovery beginning in Q1.
Beginning in 2011 and through 2019, apartments had an average market share of 20% of household formations. And today, it's about taking market share from single families -- single-family market because it's so upside down on a cost to rent perspective and lack of inventory in the resale market. Please go ahead.
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