Single-family rental market booms during pandemic
The National Rental Home Council and John Burns Real Estate Consulting released their joint Single-Family Rental Market Index for the second quarter of 2020. The index shows strong growth in the single-family rental market during the initial months of the pandemic, April through June.
“As the COVID crisis reverberated throughout the economy in the second quarter this year, demand for single-family rental homes surged,” said David Howard, executive director of the National Rental Home Council. “Most Americans will be working and studying from home for the foreseeable future. So they’re looking for affordable homes in quality neighborhoods with all the amenities and conveniences offered by a single-family home lifestyle.”
Highlights from the index include:High demand for single-family rental homes: The Single-Family Rental Market Index rose to 76 in the second quarter of 2020, up from 63 in the first quarter. (The index runs from