According to recent data analyzed by the NAHB’s Eye on Housing, the number of single-family homes built-for-rent has been increasing over the last four quarters. Using data from the Census Bureau’s Quarterly Starts and Completions by Purpose and Design, they report that construction starts of single-family homes for rent totaled 42k homes, compared to 29k in the prior four quarters. In Q2 2018, there were 13k single-family built-for-rent starts. Interestingly, this class of single-family construction excludes homes that are sold to another party for rental purposes and only includes homes built and held for rental purposes.
Click here to read the full story at the NAHB’s Eye on Housing.