While the market has been fluctuating recently, the number of single-family homes that are built strictly for rental purposes has ultimately remained higher than the historical norms. That isn’t to say they are becoming common, it is still a niche market, but rental demand is increasing. The Census Bureau’s Quarterly Starts and Completions by Purpose and Design shows that the market share for single-family built-for-rent homes, measured on a one-year moving average, is 5% for the final quarter of 2012, compared to the 20-year average which is 2.7%. This market share rose at the start of the recession and dipped during the period the homebuyer tax credit was in effect.
Read the full article here: Single-Family Built-for-Rent Market