Single-Family Built-for-Rent Growth Strong in 2022
…may weaken some investor demand for SFBFR housing. Thus, NAHB is forecasting the recent gains in market share will stick as the housing market normalizes in the next two years….
…may weaken some investor demand for SFBFR housing. Thus, NAHB is forecasting the recent gains in market share will stick as the housing market normalizes in the next two years….
…annual rate. The three-month moving average (a useful gauge given recent volatility) edged down to 842,000 starts, as charted below. On a year-over-year basis, single-family housing starts are down 27.3%…
…immigrant workers into construction was highly responsive to the changing labor demand. The number of newly arrived immigrants in construction rose rapidly when housing starts were rising and declined precipitously…
…a seasonally adjusted basis. The unemployment rate for construction workers has been trending lower, after reaching 14.2% in April 2020, due to the housing demand impact of the COVID-19 pandemic….
…now be behind us. Thus, recent soft optimism for a rebound of the housing market is gaining traction (such as the January uptick for the NAHB/Wells Fargo HMI). Starts will…
…Department of Housing and Urban Development and the U.S. Census Bureau. Also of note, single-family housing starts ended the year down more than 10%, marking the first annual decline since…