About 6 percent of new single-family homes are built for the purpose of being rented out, which would yield roughly 700,000 new single-family units being constructed over the next 10 years, a number well short of current demand, according to RCLCO Real Estate Advisors.
Source: Inman News
Increased demand for single-family rentals could lead to 10 years of undersupply
Published in baby boomers, coronavirus pandemic, coronavirus stimulus package, Gen Xers, home rentals, housing shortage, Lifestyle, millennial renters, millennials, multifamily developments, new construction, Property Portfolio, Rentals, Select, single-family home rentals, suburban relocation, suburban renters, U.S. Census American Community Survey and U.S. Census Bureau
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