Ongoing supply constraints in America’s housing market continued to drive demand for single-family rental homes in the third quarter of 2020. Fueled by growing numbers of individuals and families transitioning away from urban residential locations, the single-family rental home market delivered a second consecutive quarter of outperformance, as reflected in a near-record high of the Single-Family Rental Market Index (SFRMI) for the third quarter of 2020.
“Produced quarterly in partnership between the National Rental Home Council [NRHC] and John Burns Real Estate Consulting [JBREC], the SFRMI measures the relative health of the single-family rental home market by evaluating key performance metrics, including leasing activity, household occupancy and anticipated demand,” said David Howard, executive director of NRHC. “The reading for 3Q 2020 was 74.4, the second-highest level on record after the second quarter 2020 reading of 76.3.”
Howard added, “In the thir
