Washington, D.C. (May 15, 2023) – The National Rental Home Council today announced a partnership with industry research firm, Yardi Matrix, to track built-to-rent housing activity. The NRHC BTR Tracker will report, on a quarterly basis, the number of built-to-rent homes under construction and the number of properties in the planning process. Data will be provided at a national level as well as for the top 10 states with build-to-rent activity.
“Built-to-rent housing is quickly emerging as an essential, and highly desirable, sector of America’s housing market,” said David Howard, CEO of NRHC. “With the U.S. housing market facing inventory and supply shortages of near historic proportions, renting a newly built single-family home in a dedicated community with a range of neighborhood and in-home amenities is an option that appeals to an increasing number of families. We are pleased to be able to partner with Yardi Matrix to provide useful information and data on this important segment of the housing market.”
Built-to-rent housing refers to the segment of the housing market comprised of new single-family homes – typically detached free-standing homes but also townhomes, duplexes, and other single-family home varieties – built expressly for the purpose of renting. Built-to-rent housing allows residents – including young adults, families with children, military families, and empty-nesters – to enjoy all the perks of a new home at a price point that is often more in keeping with the economic realities and lifestyle priorities of many of today’s housing consumers.
The National Rental Home Council (NRHC) is the nonprofit trade association representing the single-family rental home industry. NRHC members provide families and individuals with access to high-quality, single-family rental homes that contribute to the vitality and vibrancy of neighborhoods and communities. For more information on NRHC or the single-family rental home industry visit www.rentalhomecouncil.org
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