Markets & EconomyRentals

US builders to construct more single-family rentals

Consumers willing to pay premium to rent brand-new properties present prime opportunity, industry analyst says

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Enjoy the Connect experience from your computer, laptop or tablet! Watch Connect now. Takeaways: Last year, roughly 25,000 single-family detached homes were built and operated as rentals. Spanning the next several years, a significantly larger volume of single-family rentals will be built. The competition between single-family rental homes and the detached resale/new-home market has created the need for new single-family rental homes. Last year, roughly 25,000 single-family detached homes were built and operated as rentals -- and spanning the next several years, a significantly larger volume of single-family rentals will be built, according to a report from John Burns Real Estate Consulting. “We expect detached homes for rent to become an important segmentation opportunity for the top master plans in the country, who will no longer ignore 10 percent of housing demand," said John Burns, CEO of John Burns Real Estate Consulting, noting that resale homes have histor...