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

Pro Builder

Today, there are 44,700 rental homes in the pipeline—triple the amount of houses completed in 2022. In the highest yearly total to date, 2022 saw a completion of over 14,500 BFR houses. Phoenix, Ariz., For example, Phoenix leads this list as well with 6,000 of its BFR units being built in the last five years. Atlanta, Ga.,

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Californians Are Fleeing the Golden State—What’s Keeping its Housing Market Strong?

Pro Builder

Californians Are Fleeing the Golden State—What’s Keeping its Housing Market Strong? Despite residents escaping California’s high housing costs and fleeing to nearby states, its southern market remains resilient, with homes selling within record time. cbroderick. Mon, 02/22/2021 - 09:07. It remains a place people want to live.

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Single-Family Home Prices Up 14.6% in April Nationwide

Pro Builder

CNBC reports that the cities with the highest year-over-year price increases were Phoenix, San Diego, and Seattle, all of which posted more than 20% price advances. Five cities – Charlotte, North Carolina, Cleveland, Dallas, Denver and Seattle – saw their largest annual gains ever. “We Housing Markets. That’s up from March’s 13.3%

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Home Improvement, Remodeling Spending Expected to Rise

Pro Builder

Home improvement spending will increase among nearly all of the country’s largest cities this year, according to new projections from the Joint Center for Housing Studies of Harvard University. Thu, 02/11/2021 - 09:38. Across 42 of the 46 largest metros, home improvement spending is predicted to increase between 1 and 13%.

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May Home Price Increase Breaks S&P Case-Shiller Record

Pro Builder

Every metro tracked in the 20-city composite recorded price increases while Phoenix, San Diego, and Seattle posted the highest annual gains of the 20 cities. Phoenix home prices were 25.9% housing market is being driven in part by reaction to the Covid pandemic, as potential buyers move from urban apartments to suburban homes.

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Single-Family Rental Prices Jump at the End of 2021

Pro Builder

As sellers take the upper hand in a competitive housing market, landlords are also set to end the year on a high note thanks to a steady increase in new lease effective rents during the final months of 2021.

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Pandemic Slows Single-Family Rent Growth to Decade Low

Pro Builder

making up 35% of all rental housing. Phoenix is still seeing strong rent growth at 6% year-over-year. Phoenix is still seeing strong rent growth at 6% year-over-year. Tucson saw the second highest at 3.5%, followed by Charlotte, North Carolina at 2.9%. There are 12 million single-family rental homes in the U.S.,