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Single-Family Home Rentals And The Rise Of Large Landlords| Investor’s Business Daily
The steep drop in September home sales reported Wednesday steered attention to the housing recession, adding to expectations of a broader economic malaise. Real estate players of all sorts are battening hatches as inflation pressures and rising interest rates gnaw into home prices and demand. Among the groups to watch as real estate pulls back is a new investor class in the single-family home rental market. X Institutional landlords, major players for decades in the multifamily space, are now exerting an increasing influence in a number of the U.S. markets for detached single-family homes. In a landscape where rental homes were traditionally owned by individuals or small businesses, these newer…
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Housing Market Trends Fuel Single-Family Home Rental Growth | Business News
By ALEX VEIGA, AP Business Writer LOS ANGELES (AP) — Homebuilders and other real estate companies are increasingly betting that would-be homebuyers frustrated with a shortage of homes for sale and runaway prices will settle for renting their slice of the American Dream. While individual homeowners and mom-and-pop investors still account for the vast majority of single-family rental homes, homebuilders have stepped up construction this year of new houses being built for rent. In the third quarter, builders broke ground on 16,000 single-family homes slated to become rentals. That’s the highest quarterly total of housing starts for built-to-rent homes going back to at least 1990, according to an analysis of…
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