Spotlight on SFR

There is greater demand for housing in the United States today than there has been in decades. By making long-term commitments to the communities in which they invest and build, NRHC member companies – large and small – are providing families with more options for stabilized, quality, and affordably-priced housing in neighborhoods that should be accessible to all Americans. Consider:

• • There are 870,000 more renter households today than there were at the beginning of the COVID health pandemic. (Harvard’s Joint Center for Housing Studies)
  • In 2020, there were 65,000 entry-level homes built in the United States. During the 1970s the number of entry-level homes built in the United States routinely surpassed 420,000 annually. (Bipartisan Policy Center)
  • Over the last five years, the amount of owner-occupied housing in the United States has increased more than 10% while the amount of rental housing has increased just over 2%. (U.S. Census Bureau)
  • Between 2018 and 2020 the housing stock deficit increased by 52% as the undersupply of homes in the U.S. soared from 2.5 million units to 3.8 million units. (Freddie Mac)
  • The COVID health crisis has led to a surge in migration with 1 in 10 Americans moving to a new market in 2020. Population migration leads to greater demand for rental housing. (Zillow)