Single-family homes built-for-rent starts increased to approximately 9,000 for the third quarter of 2015, compared to about 7,000 for the same period of 2014.
National Association of Home Builders tax and policy guru Robert Dietz looks at data from the Census Bureau’s Quarterly Starts and Completions by Purpose and Design and NAHB analysis, spotting the uptick. Thing is, it's mere decimal points of the total of housing new construction, so one may wonder if the trend is even worth attention. Dietz writes:
Despite the current elevated market concentration, the total number of single-family starts built-for-rent remains fairly low – only 28,000 homes started during the last four quarters.Of course, the built-for-rent share of single-family homes is considerably smaller than the single-family home portion of the rental housing stock, which is 35% according to the 2013 American Community Survey. The reason for this is that as single-family homes age, they often transition to the rental housing stock.