Perhaps most surprising, single-family renting—initially perceived by many as a temporary solution for families who lost their homes due to foreclosure—continued to rise in popularity. The number of single-family rental households grew by 2.1% from 2013 to 2014, compared with 1.8% growth for households occupying multifamily rentals and virtually no growth in single-family ownership households.
It was widely deemed a temporary play: Large-scale investors buying thousands of discounted foreclosed properties during the worst of the housing crash and turning them into single-family rentals. When home prices recovered, they would surely sell them for a hefty profit. The housing market is recovering, albeit more slowly than expected. Foreclosure volume is way […]
Hardly a week goes by without another study or poll on what millennials will — or won’t — do when it comes to housing. Last year, the prevailing wisdom seemed to be that millennials were into sharing, not owning. This year, if you listen to Fannie Mae and the National Association of Realtors, millennials want […]
Delinquency rates remained low in July across single-family rental (SFR) securitizations, and for a majority of the deals, the delinquency rates improved, according to data reported by Morningstar Credit Ratings in its August 2015 Single-Family Research: Performance Summary Covering All Morningstar Rated Securitizations released Monday.
Currently, one-in-10 households live in single-family rental housing – that’s 12.7 million of the total 120 million households now living in the U.S., according to Burns. To serve these renters, leading master-planned community builders are likely to develop new, detached homes for rent, Burns forecasts.
The latest research, conducted in June, shows fifty-five percent of renters, both of single-family and multifamily properties, plan to continue to rent in the next three years. Single-family renters are significantly more likely to say they expect to buy than multifamily renters (53 percent vs 36 percent) when asked about their plans in the next […]
The company joins a number of other big players in the Atlanta single-family rental home business. These include American Homes 4 Rent (NYSE: AMH), which owned 2,500 homes in metro Atlanta as of June 30. American Homes 4 Rent owns a total of more than 37,000 properties in cities including Dallas, Indianapolis, Atlanta, Charlotte, Chicago, […]
I think there are a number of things at play here. One is a lot of people were burned in the housing market over the last few years. People now realize that housing prices can go down as well as up, and that’s made some of them uneasy about buying. Some of the newly-formed households […]
The compromise between renting an apartment and buying a home is renting a single-family home. That’s traditionally a choice made by only a small number of Americans, but one of the trends-within-a-trend in the housing market is a tremendous surge in families doing just that.