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Investors are Making a Big Bet on Build-to-Rent Single Family Homes

National Real Estate Investor, 2020-11

COPYRIGHT 2020 Penton Media, Inc., Penton Business Media, Inc. and their subsidiaries ;Copyright Penton Media, Inc., Penton Business Media, Inc. Nov 23, 2020 ;ISSN: 0027-9994

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  • Title:
    Investors are Making a Big Bet on Build-to-Rent Single Family Homes
  • Author: Anderson, Bendix
  • Subjects: Construction industry ; Coronaviruses ; COVID-19 ; Great Recession ; Housing developers ; Housing developments ; Housing prices ; Pandemics ; Rental housing ; Rentals ; Residential construction ; Site planning ; Suburban areas
  • Is Part Of: National Real Estate Investor, 2020-11
  • Description: The serve these renters, developers are on track to reach 55,000 to 60,000 new rental housing construction starts in 2020, according to the National Rental Home Council (NRHC), based in Washington D.C. That would be a big increase from about 40,000 in 2019, according to the tally kept by the National Association of Home Builders. “Occupancy levels are at a 30-year high,” says Don Walker, managing principal and chief financial officer for John Burns Real Estate Consulting, based in San Diego, Calif. Some urban transplants are also more willing to live in suburban areas, because since the spread of the coronavirus many now work from their homes rather than in downtown office buildings.
  • Publisher: Atlanta: Penton Media, Inc., Penton Business Media, Inc. and their subsidiaries
  • Language: English
  • Identifier: ISSN: 0027-9994
  • Source: ProQuest Databases
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