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.
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