Providers of single-family rental homes increasingly have turned to the development of new housing over the past two years as a means of responding to housing market supply constraints and a corresponding surge in demand for single-family rental housing.
According to data from the current Single-Family Rental Market Index (SFRMI), released this week and produced by the National Rental Home Council (NRHC) and John Burns Real Estate Consulting (JBREC), homes built for the purpose of renting — build-to-rent homes — accounted for 26 percent of properties added to the portfolios of single-family rental home providers in fourth quarter 2021, compared with 3 percent in third quarter 2019. Purchases of existing individual homes by single-family rental home providers during that time decreased from 81 percent to 57 percent.
