Over the past decade, the market for single-family rentals (SFRs) has evolved. In a few years, we will likely look back and consider 2019 to be the sector’s inflection point, where it transitioned from a niche, alternative asset class to a mainstream property type. For exclusive insights on the SFR market, read our fourth-quarter 2019 report.
Annualized small multifamily lending volume reached $59.2 billion in Q4 2019. Here’s a quick look at the quarter’s small multifamily investment and finance benchmarks.
Experts say the private and public sectors must work together to scale construction and provide more affordable housing options.
An estimated 31.2 million households, or 28% of total U.S. households, fell within the workforce segment by year-end 2018. Forty percent of workforce households, or around 12.4 million, are renters.
Year-end 2019 estimates for small multifamily lending volume reached $59.2 billion, beating the prior quarter’s forecast by $1.4 billion and marking the highest level of activity in Chandan Economic’s post-crisis model estimates. Download the Q4 report for key insights on the small multifamily market.
The U.S. multifamily market posted strong results to end 2019, with the fourth quarter seeing 3.7% year-over-year rent growth.
The JCHS 2020 report underscores the national affordable housing crisis. It points to growing numbers of renters with high incomes as well as those who are cost-burdened.
Small multifamily promotes greater accessibility to housing for workforce households than large multifamily. About 62% of all small multifamily households made less than $50,000 annually.
CRE Collateralized Loan Obligations (CLOs) have emerged as a sophisticated and reliable financing tool post-crisis. As more issuers and investors enter the space, panelists at the June 2019 CREFC Conference largely agreed that CRE CLO issuance would be flat to slightly up in 2019 and that the market has room for growth.
While internet usage is pervasive in today’s society, technology usage still varies significantly across household segments. Factors such as user age, income and education level play a role.
As the tail of this economic expansion extends further, real estate investors continue to search for yield by investing outside of primary markets. Cincinnati has been a beneficiary of that trend, and the market is booming.
As the inventory of lower-priced homes continues to decline post-crisis, SFR investors are finding success and achieving greater yields in the build-to-rent market, noted several panelists at the recent IMN 7th Annual Single-Family Rental Investment Forum East in Hollywood, FL.
Those considering investment in the residential arena of commercial real estate, should consider single-family rentals (SFRs). Here are some reasons why.
While a large share of millennials still lives with roommates, this age group is beginning to move out on their own or starting families as they age.