Recent data crunched by the NAHB’s Eye on Housing says single-family built-for-rent construction ended 2022 strong with a rising total market share. They say there were approximately 17k single-family built-for-rent (SFBFR) starts during Q4 of 2022 – which was 6% higher than Q4 2021.
“With the onset of the Great Recession and declines for the homeownership rate, the share of built-for-rent homes increased in the years after the recession. While the market share of SFBFR homes is small, it has clearly been trending higher. As more households seek lower density neighborhoods and single-family residences, a growing number will do so from the perspective of renting.”