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of reporters, but wouldn't say a word about it. The specially designed ride, nicknamed "The Heat," includes a lounge, a movie room with a 100-inch screen, marble floors throughout, offices for his assistants and writing staff, a large bedroom and all-granite bathroom. It measures about 53 feet long, has 22 wheels and weighs in at around 30 tons. Neighbors said it seems like the only expense Smith spared was their comfort -- with many saying they hope an alien invasion will zap it to smithereens. "Its ridiculous! I've lived here 26 years, and I've never seen anything this size," wailed Myrna Reisman, 62, who lives next to where the trailer was parked yesterday at Broome and Greene streets. "This thing is like a duplex," said Reisman. "How would Will Smith feel if I parked that thing out in front of his house? People forget this is a residential neighborhood, not a film lot -- that thing is taking up half our gasoline reserve." Other locals who live nearby say Smith should think a bit beyond his superstar needs. "It looks bigger than my apartment!" said Brigette Moreno, 22, who lives above where the trailer was docked yesterday. "The smell that comes along with it is disgusting. It's like living in a gas station. I really like Will Smith, but I would be embarrassed if that was my trailer. A little modesty goes a long way." The movie production arrived on Monday with around 25 trucks -- including a second, 55-foot trailer featuring Smith's full-sized gym. The gawdy creation is a product of Anderson Mobile Estates. With the push of a button it can double its heigyear peak in March. By contrast, permits for single-family home are on pace for their lowest annual level on records dating to 1960. — The number of completed apartments averaged about 250,000 a year before the boom. They fell to 54,000 last year and will probably number around the same this year. But then the number will likely double to about 100,000 in 2012 and hit 250,000 by 2013 or 2014, according to the CoStar Group, a research firm. The lag is due to the time it takes for an apartment building to be completed: an average of 14 months. — Demand is driving up rents. The median price of advertised rents rose 4.1 percent between the end of 2009 and the end of 2010, census data shows. Few expect the higher prices to stem the flood of renters, though. One reason: Younger adults don't value homeownership as earlier generations did and many prefer to rent, studies show. — Rental housing is giving builders more work just as construction of single-family homes has dried up. Still, that economic lift won't make up for all the single-family houses not being built. Apartments account for only about one-fourth of homes. And renters are outspent roughly 2-to-1 by homeowners, who pay for items from lawn care to remodeling and help drive the economy. Before the housing bust, mortgage rates were so low it was often cheaper to buy than rent. That was true a decade ago in more than half the 54 biggest metro areas, according to Moody's Analytics. Today, by contrast, it's cheaper to rent in about 72 percent of metro areas. Consider Mason Hamilton, 26, an energy consultant who rents an apartment with his wife for $1,100 a month in Alexandria, Va., outside Washington. He'd like something bigger. But he says he doesn't plan to buy even though he could afford to. "My parents always told me, 'You need to buy a place; you need to buy property,'" he says. "But the housing market is insane." Many younger Americans see owning as risky. It hardly seems the best way to build wealth, especially when prices are falling. "There's been this idea for years, a part of the American dream, that owning a home improves and strengthens communities," said John McIlwain, a senior fellow at the nonprofit Urban Land Institute. "But what we've learned over the past few years is that many people simply are not re