article thumbnail

Rental Market Recovers Faster Than Predicted

Pro Builder

There’s rebalancing in the for-sale market as well with inventory increasing for the third consecutive month and home value growth slowing in many of the largest markets. Inventory Rebound Continues. For-sale inventory, while still down 27.6% If there had been no pandemic, Zillow predicted rents would be 2.9% higher in Tampa.

article thumbnail

Single Family Build-For-Rent Homes Reach All-Time High

Pro Builder

Atlanta, Ga., increased its inventory by 380 percent, going from having 382 single-family rentals in 2017 to 1,834 rentals in 2022. Jacksonville, Fla., These budding cities include Charlotte, N.C., that had 621% more BFR homes in 2022 (1,333 units) than in 2017 (185 units). 265%), and Tampa, Fla.

Phoenix 102