The 2009 American Housing Survey indicates that 30 percent of all housing units in the United States are renter-occupied or vacant for-rent, and a startlingly large share of total rental housing stock consists of single-family detached homes: 27 percent, according to the National Association of Home Builders’ blog.
When adding townhouses (single-family attached units), the share of the rental housing stock due to single-family homes is roughly one-third (34 percent rounded). A large share is also due to homes that have been divided into two to four apartments with some common space, which represent 20 percent of the rental housing stock
Subtracting out manufactured housing units, this leaves only 44 percent of rental housing due to traditional multifamily apartment buildings of five or more units.
For more information: http://eyeonhousing.wordpress.com/2011/07/20/the-rental-housing-stock/
Advertisement
Related Stories
New-Home Sales
Mortgage Rates Are Up but New-Home Sales Still Solid in March
Lack of existing home inventory drove a rise in new-home sales, despite higher interest rates in March
Labor + Trade Relations
Who's Earning What in Construction
Workers in construction management roles may earn a higher median wage, but on average, lower-paid occupations have experienced somewhat faster wage growth
Build to Rent
Build-to-Rent Is Booming, Particularly in These Metros
A recent report finds that the Phoenix metro leads with more than 4,000 build-to-rent units completed in 2023, and Texas is the leading state for build-to-rent development