Estimated reading time: 0 minutes, 38 seconds

Build-for-Rent Homes Gain in Share of Real Estate Investment

Sunday, Apr 03 2022
Commercial Lending
Written by  The Mortgage Leader

Homes built for the purpose of renting, or “build for rent” homes, made up 26% of properties added to the portfolios of single-family rental home providers in the fourth quarter of 2021, up from 3% as recently as the third quarter of 2019. That’s according to new data from the current Single-Family Rental Market Index by the National Rental Home Council and John Burns Real Estate Consulting.

build a house g67d4a4e4e 640Purchases of existing homes still represented 57% of properties added by single-family rental home providers in the fourth quarter of 2021, but that was down from 81% in the third quarter of 2019.

David Howard, executive director of NRHC, called build-for-rent housing “an innovative effort to bring new supply to the market for rental housing, providing communities with an invaluable source of critically needed middle-income and workforce housing.”

Read 1075 times
Rate this item
(0 votes)
More in this category: « Outstanding Commercial Mortgage Debt Hit Record in Q4 2021 Mortgage Startup Vontive Tries to Streamline Real Estate Investing »

FOLLOW US

PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.
Ok Decline