NAHB data on single-family housing starts reveals that the market share for built-for-rent homes has begun to decline, dropping to 3.5 percent in the third quarter of 2014. This is down from the rate of 5.8 percent seen at the beginning of 2013.
Even though the market share remains elevated, the actual number of starts of built-for-rent homes in the U.S. has been just 22,000 over the last four quarters.
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