According to Moody Analytics, single-family rent growth is forecasted to accelerate this year, averaging about 3 percent annually through the end of the decade.
“The foreclosure crisis is still playing out and homeownership is likely to remain under pressure until later in the decade. Rents are also low relative to house prices in many markets across the country,” Moody Analytics’ Chief Economist Mark Zandi told HousingWire.
“Whether the single-family rental share of the housing stock continues to increase largely depends on how Millennials ultimately view renting a single-family home over owning their own home or living in an apartment,” he adds.
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