Single-Family Rent Growth Remains Elevated, Despite Dip in Multifamily Rental Rates
Multifamily rent growth, specifically, is decelerating since its year-over-year peak of +16.3% in 2022, but in many markets, single-family rents are continuing to rise
How Much Must American Renters Earn to Afford Average Rental Prices?
US rents have increased 3.6% year-over-year, pushing the amount renters must earn to afford average rents to around $80K
Build-to-Rent Is Booming, Particularly in These Metros
A recent report finds that the Phoenix metro leads with more than 4,000 build-to-rent units completed in 2023, and Texas is the leading state for build-to-rent development
Brand Loyalty and Why Builders Should Think Like a Hospitality Brand
Whether its offering that personal touch or incorporating experiences into amenity use, home builders have something to learn from the hospitality industry
Hottest Markets for Rental Activity in February
Looking at February's rental activity, the West continued to be the most desirable region for apartment hunters for the second month in a row, with the South close behind
Yes, Rents Are Cooling, But How Much Varies by Market
Excess supply has helped to slow rent increases in some markets, and rent growth is moderating across a wider range of markets than in previous years, but affordability concerns persist
Build to Rent
Asking Rents Stabilize as Apartment Construction Increases
An increase in apartment construction has led to more stable year-over-year rental prices in 2023
Build to Rent
Why the Boom in Rental Apartment Construction Isn't Helping Affordability
A rental apartment construction boom isn't enough to resolve the growing affordability crisis, especially when most of those units are high-end and aren't located where housing is most needed
Housing Markets
Renting Still More Affordable Than Buying in Most US Metros
In all but three of the nation's 50 largest metro areas, renting remains more cost-effective than buying a home
Housing Markets
Rents Fall the Most in These Former Pandemic Hotspots
Rental prices are falling the most in these previously red-hot metro areas
Affordability
DC Renters Increasingly Struggle to Cover Housing Costs
A rising number of households in Washington, D.C., are spending at least half of their income on rent, making them “severely housing cost burdened”
Affordability
Landlords Command Near-Record Rents, Accompanied by Concessions
As rental vacancies rise, landlords are rolling out one-time discounts to attract new tenants while still sticking with record-high asking rents
Government + Policy
Biden Administration Offers a Blueprint for Renter Protections
The federal government is stepping in to offer guidance on types of protections renters need and how to achieve them
Housing Policy + Finance
HUD Releases Additional Rental Assistance
The Department of Housing and Urban Development is providing new aid to help low-income families keep up with rising rents
Build to Rent
Where Are Build-to-Rent Developments Seeing the Fastest Growth?
The build-to-rent sector is seeing major increases in townhome units and horizontal apartment communities, particularly in these red-hot rental markets
Housing Markets
Which Metros Are Seeing the Biggest Rent Drops?
Rental prices are beginning to fall from peak highs, but not all metros are seeing equal relief
