Currently Reading

Single-Family Rentals Well-Positioned for Rebound Post-Coronavirus

Advertisement

Single-Family Rentals Well-Positioned for Rebound Post-Coronavirus


April 21, 2020
House for rent
By Monkey Business

Though the single-family rental sector is hurting now due to late rent payments, industry experts believe that the sector will be ripe for a rebound when the economy begins rebuilding. Because economic uncertainty often drives an increase in renters, post-COVID-19 America may rely more on single-family rentals. But before any growth can begin, the sector must first weather possible drops in occupancy and late payments as many Americans struggle to get by due to unemployment. 

The single-family rental (SFR) sector is well-positioned for a rebound once widespread economic activity resumes, according to industry experts.

“In the post-COVID-19 future, I think we will see even more people opt to rent homes instead of buying,” says Doug Brien, CEO and co-founder of Mynd Property Management, a property management firm serving the small residential sector. “In times of financial and healthcare crises, which may become more frequent, people tend to struggle paying their mortgages, making their car payments, etc. Renting is a simpler, more desirable option for many people.”

Read More

Related Stories

Construction

Single-Family Permits Increase 19.2% Across the Country

The total number of single-family permits issued in January 2021 exceeded last year’s levels by 19.2%, for a total difference of 13,535 permits.…

Affordability

NAHB Research Finds 40.1 Million Households Cannot Afford $175,000 Home

The National Association of Home Builders’ housing affordability pyramid for 2021 shows the highest priced home households can afford based on…

Construction

New-Home Sizes Level Off, Pointing Toward Future of Larger Homes

Following years of steady decline, the size of new homes leveled off at 2,274 square feet in 2020. The National Association of Home Builders notes…

Advertisement
Advertisement

More in Category




Advertisement
Advertisement

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.