X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

The single-family rental market is on fire. As millennials have children, they crave the sprawl of the suburbs where homes are larger and equipped with yards—and investors and developers are hurrying to meet the demand. Brad Hunter, president of Hunter Housing Economics and the keynote speaker at GlobeSt.com Multifamily next month, predicts that the sector could produce 150,000 units within the next five years.

While Hunter doesn’t anticipate that single-family rentals will ever match the volume of the apartment market, he says there is tremendous opportunity in the sector for savvy investors. “Demand is outstripping the industry’s current ability to produce housing for rent,” Hunter, who is speaking on this topic at GlobeSt.com Multifamily conference, tells GlobeSt.com. “We see this in the rapid lease-ups, the high occupancy rates, the rapid rise in rents, and in the underlying household formation rates. More capital is needed for the years ahead to sustain this trend. I think there will be a 20% increase in BFR production this year, and a similar type of increase the year after.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

More from this author

 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2022 ALM Global, LLC. All Rights Reserved.