Tag: single-family rental

A Single-Family Buy-Versus-Rent Comparison Like Never Before

May 25, 2021 by Dennis McGill & Alan Ratner

Historically, buy-versus-rent calculations have been widely utilized to assess housing affordability, but we have always struggled with the limitations around real world comparability. Data constraints have led many to compare different asset classes (single-family versus multi-family), different vintages (old versus new homes) and different geographies (new construction often in less dense sub-markets). The calculations often miss how consumers actually approach the market. Until now.
Data Conflict With Single-Family Rental Bull Thesis

October 18, 2019 by Zelman & Associates

We have always been of the opinion that the type of housing demanded by consumers is heavily dependent on demographic circumstances and life events. In general, single-family housing skews to families and suburban living while multi-family ...

Single-Family Built-to-Rent Likely Here to Stay

April 19, 2019 by Zelman & Associates

Every month, we track interest in built-to-rent construction, along with other acquisition channels, in our proprietary survey of single-family rental operators. Over the last year, interest in partnering with homebuilders on built-to-rent ...

Single-Family Rental Sector Enjoying Sweet Spot of Growth Amidst Tight Supply

March 08, 2019 by Zelman & Associates

Public REITs Invitation Homes (INVH) and American Homes 4 Rent (AMH) are the two largest single-family landlords in the country, owning almost 81,000 and 53,000 homes, respectively. While each company controls less than 1% of national single-family ...

Homeownership Rises Again as Single-Family Living Taking Share

November 02, 2018 by Zelman & Associates

Over the last year, multi-family starts have accounted for 29% of all starts, close to the decade-to-date share at 31%. With this being notably higher than 20% in the 1990s and from 2000-09, clients often inquire as to whether we believe this ...

Refuting Three Common Misperceptions of Wall Street Single-Family Landlords

September 21, 2018 by Zelman & Associates

In 2004, when homeownership was at an all-time high, there were over 11 million single-family rental households that provided shelter for over 32 million people. Although renting a home has always been a housing option, representing more than ...

A Unique Look at How Single-Family Rental Tenants Differ from Owner Peers

July 14, 2017 by Zelman & Associates

As we have reported previously, there are approximately 16 million single-family rental homes across the country, accounting for almost 35% of all rental properties and clearly standing as a critical component of the housing supply chain. Looking ...

Single-Family Rentals Emerging from Apartment Shadows

June 30, 2017 by Zelman & Associates

Our proprietary survey of single-family rental owners and managers dispersed across the country suggested further fundamental improvement in May. Overall, single-family operators continued to experience strong renter demand and pricing power ...

Single-Family Rent Growth Has Overtaken Apartments After Historically Lagging

May 05, 2017 by Zelman & Associates

In 2016, we estimate that there were roughly 44 million single-family and multi-family rental homes across the country, accounting for approximately 35% of total households. To track the professionally-managed portion of each market, Zelman ...

Public Single-Family REITs, a Real Business Here to Stay

November 18, 2016 by Zelman & Associates

Over the last two weeks, the public single-family REITs reported third quarter earnings. Including American Homes 4 Rent (AMH), Colony Starwood Homes (SFR), Silver Bay Realty Trust (SBY) and Tricon American Homes (TAH), the companies own approximately ...