In terms of the overall composition of America's housing market, new Census Bureau data show owner-occupied housing now accounts for 58.4% of total housing, an increase over the five-year and three-year readings of 55.5% and 56.4%.
The current share of rental housing, 30.9%, represents a decrease from the previous five-year share of 31.9% and the prior three-year share of 31.2%.
Nonetheless, it is clear that there has been a significant wave of capital by institutional investors in the single family home space, with more than $30 billion in capital chasing the surging US rental housing market, according to John Burns Real Estate Consulting.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
