US single-family rent growth continued its molten path in April, with prices up by 14% year over year, the 13th consecutive month of record-breaking annual gains.
That's according to CoreLogic Single-Family Rent Index (SFRI), which analyzes single-family rent price changes nationally and across major metropolitan areas. It spelled out how much rent growth influenced inflation, which last week's rate came in at a 40-year high.
Molly Boesel, principal economist at CoreLogic, said she expects single-family rent growth to continue to increase at a strong pace throughout 2022 as the shortage of rental properties on the market is putting pressure on prices.
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.
