More than $30 billion in capital is chasing the surging US rental housing market as bond yields remain at historic lows and inflation rises.
John Burns Real Estate Consulting identified 43 announcements targeting US rental housing, but notes that the real number is likely "much higher" since those figures are only the equity investment and excludes the debt, and does not include announcements that are not yet public.
Single-family rents have increased 6% over the last year, according to the Burns Single-Family Rent Index, the highest growth in the 35 years that John Burns Real Estate Consulting has collected and analyzed such data. The index is a weighted average of rents across 63 major single-family rental markets.
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