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Headwinds are likely to moderate expansion for 2022.
"Not since Q2 2018 were these levels seen."
During the early months of 2022 the annual growth should remain above 10% while slowing each month.
The newly built homes accounted for 34.1% of all single-family homes for sale last year, up from 25.4% in 2020.
Investors must begin to prepare for the possibility of societal and economic disruption fueled by this dimension of climate risk.
The share of loan balances becoming newly delinquent was the lowest since the onset of the pandemic.
Demand picked up in the final month of 2021 as buyers became increasingly concerned that rising interest rates will make buying a home out of reach.
Retail sales could be lowered by reduced consumer spending if price pressure does not react quickly to the Fed's hiking rates.
"What we're going through right now is closer to a ripple in the water than a bubble."
It's the latest in a string of investments in the single family rental space.