December 21, 2024 11:10 pm
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Number of single-family homes built-for-rent decreases

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Data from the Census Bureau’s Quarterly Starts and Completions by Purpose and Design and NAHB analysis shows that the over the last four quarters the number of single-family homes built-for-rent decreased to 28,000 from 35,000 the previous four quarters. In Eye on Housing, NAHB Chief Economist Robert Dietz reports that the market share for these type of homes during Q2 2017 was 3.5% of total starts, which is still higher than the historical average of 2.8%.

Dietz highlights the fact that that this market represents only a small portion of the home building market as a whole:

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© 2024 Rose Law Group Reporter

Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.