flexiblefullpage - default
Currently Reading

Despite Slow Growth in Q3 2022, the Single-Family Built-For-Rent Market Is Expanding

Advertisement
billboard - default
Build to Rent

Despite Slow Growth in Q3 2022, the Single-Family Built-For-Rent Market Is Expanding

Single-family built-for-rent (SFBFR) construction tapered off in Q3 2022 after an exceptionally strong second quarter, but the market segment is steadily growing


November 18, 2022
Red and white 'for rent' sign on residential lawn
Image: Stock.adobe.com

Single-family built-for-rent construction leveled off during the third quarter of 2022 after a 42% increase over the last four quarters. Builders added approximately 16,000 single-family built-for-rent (SFBFR) starts during Q3 2022, a rate 6% lower than the Q3 2021 total, NAHB Eye on Housing reports. 

The market share of SFBFR homes is small, but new-construction starts are on the rise as prospective homebuyers are pushed into the rental market by fast-rising mortgage rates and record home price appreciation.

Given the relatively small size of this market segment, the quarter-to-quarter movements typically are not statistically significant. The current four-quarter moving average of market share (6%) is nonetheless higher than the historical average of 2.7% (1992-2012) and sets a data series high as this submarket expands.

Read more

Related Stories

Single-Family Homes

Single-Family Permits Fell Sharply Throughout 2022

Single-family building permits decreased in all four regions in November 2022, but multifamily permitting closed out the year with strong gains

New-Construction Projects

As Builders Struggled to Find Lots, 9 Percent of All New Homes in 2021 Were Teardowns

An elevated share of new homes completed in 2021 involved a structure that had to be torn down and rebuilt

New-Construction Projects

A Record Number of Housing Units Were Under Construction in November

Single-family housing starts are declining, but a sharp rise in multifamily construction sent the total share of new housing starts to a record high in November

Advertisement
boombox1 -
Advertisement
native1 - default
halfpage2 -

More in Category




Advertisement
native2 - default
Advertisement
halfpage1 -

Create an account

By creating an account, you agree to Pro Builder's terms of service and privacy policy.


Daily Feed Newsletter

Get Pro Builder in your inbox

Each day, Pro Builder's editors assemble the latest breaking industry news, hottest trends, and most relevant research, delivered to your inbox.

Save the stories you care about

Lorem ipsum dolor sit amet lorem ipsum dolor sit amet lorem ipsum dolor sit amet.

The bookmark icon allows you to save any story to your account to read it later
Tap it once to save, and tap it again to unsave

It looks like you’re using an ad-blocker!

Pro Builder is an advertisting supported site and we noticed you have ad-blocking enabled in your browser. There are two ways you can keep reading:

Disable your ad-blocker
Disable now
Subscribe to Pro Builder
Subscribe
Already a member? Sign in
Become a Member

Subscribe to Pro Builder for unlimited access

Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.