{"id":6182,"date":"2023-08-11T15:03:22","date_gmt":"2023-08-11T15:03:22","guid":{"rendered":"https:\/\/www.yardimatrix.com\/blog\/?p=6182"},"modified":"2023-08-16T09:34:30","modified_gmt":"2023-08-16T09:34:30","slug":"yardi-matrix-sees-single-family-rental-industry-settling-into-growth-mode","status":"publish","type":"post","link":"https:\/\/www.yardimatrix.com\/blog\/yardi-matrix-sees-single-family-rental-industry-settling-into-growth-mode\/","title":{"rendered":"Yardi Matrix Sees Single-Family Rental Industry Settling into Growth Mode"},"content":{"rendered":"

New research bulletin projects sector riding long-term healthy fundamentals<\/em><\/p>\n

SANTA BARBARA, Calif., Aug. 11, 2023 <\/strong>\u2014 Although its pandemic-driven expansion has been tempered recently by rising mortgage rates and cooling home sales, the U.S. institutional single-family rentals (SFR) industry has entered a moderate growth mode that positions it \u201cto thrive over the long term,\u201d according to a new research bulletin<\/a> from Yardi\u00ae Matrix.<\/p>\n

Robust household family formation and elevated demand for family and office space during the pandemic sparked a run-up of SFR rents, which increased by 27.9% from January 2020 to mid-year 2023. Occupancy rates have remained above 95% since January 2018.<\/p>\n

But rent increases slowed and year-over-year rent growth decelerated in the first half of 2023. The Federal Reserve has increased short-term interest rates by 525 points since spring 2022 and institutional SFR acquisitions have declined after two years of record volume. Despite this, \u201cdemand for single-family rentals is almost certain to remain firm,\u201d with the sector having \u201csolidified its presence as a niche segment of the overall commercial real estate market,\u201d the bulletin says.<\/p>\n

The extent of the sector\u2019s growth will depend on how well owners and investors succeed in financing acquisitions and developing efficient property management strategies.<\/p>\n

Nashville, Tenn., had the strongest year-over-year SFR rent growth at mid-year, followed by Baltimore and Chicago. The weakest metros for rent growth were Orlando, Fla., Miami and California\u2019s Inland Empire.<\/p>\n

There\u2019s much more insight into the SFR market in the August 2023 Yardi Matrix Bulletin, including an examination of fundamental drivers, a discussion of proposed legislation regarding institutional SFR purchases, a review of acquisition growth trends and reports on regional stock deliveries.<\/p>\n

Download your copy<\/a>.<\/p>\n

Yardi\u00a0Matrix offers the industry\u2019s most comprehensive market intelligence tool for investment professionals, equity investors, lenders and property managers who underwrite and manage investments in commercial real estate. Yardi Matrix covers multifamily, student housing, industrial, office and self storage property types. It also tracks communities with 50 or more single-family rental units. Email\u00a0matrix@yardi.com<\/a>, call (480) 663-1149 or visit yardimatrix.com<\/a>\u00a0to learn more.<\/p>\n

About Yardi<\/strong><\/p>\n

Yardi\u00ae develops industry-leading software for all types and sizes of real estate companies across the world. With over 8,500 employees, Yardi is working with our clients to drive significant innovation in the real estate industry. For more information on how Yardi is Energized for Tomorrow, visit yardi.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

New research bulletin projects sector riding long-term healthy fundamentals SANTA BARBARA, Calif., Aug. 11, 2023 \u2014 Although its pandemic-driven expansion has been tempered recently by rising mortgage rates and cooling home sales, the U.S. institutional single-family rentals (SFR) industry has entered a moderate growth mode that positions it \u201cto thrive over the long term,\u201d according […]<\/p>\n","protected":false},"author":748,"featured_media":6184,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[28,29],"tags":[388],"class_list":["post-6182","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-press-releases","tag-single-family-rental-sector"],"yoast_head":"\nYardi Matrix Sees Single-Family Rental Industry Settling into Growth Mode - Yardi Matrix Blog<\/title>\n<meta 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