Eye On Housing
The number of single-family built-for-rent (SFBFR) construction starts reached its highest quarterly volume on record during the third quarter of 2021. The SFBFR market is a way to add inventory amid concerns over housing affordability and downpayment requirements in the for-sale market, particularly during a period when a growing number of people want more space and a single-family structure. Single-family… Read More ›
The number of single-family homes built-for-rent (SFBFR) posted a year-over-year decline for the fourth quarter of 2019. The SFBFR market has received attention as a means to add single-family inventory amid concerns over housing affordability and downpayment requirements in the for-sale market. Single-family built-for-rent construction does differ in structure characteristics compared other newly-built single-family homes. According to NAHB’s analysis of… Read More ›
Builder confidence in the 55+ housing market improved the fourth quarter of 2012 compared to the same period a year ago, according to NAHB’s latest 55+ Housing Market Indices (55+ HMIs). There are separate 55+ HMIs for two segments of the 55+ housing market: single-family homes and multifamily condominiums. Each 55+ HMI is based on a survey that asks if… Read More ›
The Bureau of Labor Statistics reported that the Consumer Price Index for All Urban Consumers (CPI-U) held steady in July. Overall, the CPI-U has remained either unchanged or declined in each of the last four months. Energy prices slipped 0.3% in July, putting more downward pressure on topline CPI. The next couple of months of readings on overall CPI will… Read More ›
In the first quarter of 2012, NAHB’s Multifamily Vacancy Index (MVI) dropped to 31, the lowest it’s been since the inception of the index in 2003. As the MVI captures industry sentiment about vacancies, a decline in the index signals overall improvement in the market for existing rental apartments. The MVI is a composite measure of multifamily property owner/manager sentiment… Read More ›
Given the increasing focus with respect to growing demand for rental properties, we thought we would present the breakdown of the rental housing stock by structure type. Using the 2009 American Housing Survey, the data show that 30% of all housing units in the United States are renter-occupied or vacant for-rent. A surprisingly large share of this rental housing stock consists of single-family detached homes: 27%. When adding townhouses… Read More ›