The return of the prodigal single-family rentals

  • Inadequate inventories have been stunting the housing recovery, even as economic recovery means more people can buy.
  • With new homes selling like hotcakes, builders can’t do much better due to ever-increasing local land use and environmental restrictions and skilled labor shortages.
  • Next year we will see many of single-family rental properties return home to the owner-occupant marketplace in earnest.

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It’s no secret that inadequate inventories have been stunting the housing recovery. Through November, total housing inventory has fallen year-over-year for 18 straight months and supplies are now 11.4 percent lower than they were two years ago.