John Burns Real Estate Consulting, in partnership with The National Rental Home Council, has released the inaugural Single-Family Rental Market Index, a first-of-its-kind resource that will serve as the definitive gauge of professionally managed single-family rental industry conditions.
According to the index, the SFR market is doing quite well, thank you very much.
A survey of professional operators who manage 122,275 rental homes in 48 metropolitan areas shows stable occupancy year over year at already strong rates as well as high current and expected leasing demand.
On a scale of 1 to 100 (with scores over 50 indicating growth,) the index and sub-indices are:
Single-Family Rental Market Index (SFRMI): 65.8
Current Leasing Activity (3Q19): 72.8
Expected Leasing Activity (in the next 6 months): 69.9
Occupancy (3Q19) Compared to 1 Year Ago: 50.4
Read on HERE