Rocking Rentals
In 22Q4, for the first time since at least 1974 when data became available, the quarterly number of housing units built-for-rent at 133,000 exceeded the number of single-family units built-for-sale at 126,000. Historically, the only times these numbers came close were during the recessions of 1982 and 2008/09 when single-family production collapsed. Single-family built-for-sales starts are down about 40% from their recent peaks, built-for-rent activity is nearing its 1986 high.
Elliot Eisenberg, Economist.
This is very interesting food for thought.....
Do we have to many rentals in our market? let me know what you think
in an email:
Deb.Fowler.c21@gmail.com
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