article thumbnail

The Student Housing Sector Makes a Strong Post-Pandemic Recovery

Pro Builder

The Student Housing Sector Makes a Strong Post-Pandemic Recovery. College campuses are coming back to life after years of strict COVID-19 restrictions and remote learning ordinances, and an increase in enrollment is creating new demand for student housing. In the past 10 to 15 years, student housing has become more pedestrian-friendly.

Housing 97
article thumbnail

NAR Study Says Years of Underbuilding to Blame for Housing Shortage

Pro Builder

NAR Study Says Years of Underbuilding to Blame for Housing Shortage. million more housing units to meet housing needs, according to a recent study by the National Association of Realtors. It will require “a major national commitment to build more housing of all types” to solve the crisis, consultants wrote in the study.

Housing 111
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Attainable Housing Options: Rethinking the Starter Home

Pro Builder

In a recent meeting , a client questioned why so many industries can find ways to create more affordable solutions but the housing industry can’t. Why not housing? Since their grand opening in November 2022, the Villas are currently 63% pre-leased. Life circumstances also play a role.

Housing 91
article thumbnail

What’s Driving Record Growth in the Rental Market?

Pro Builder

Changing household preferences and a lack of housing affordability post-pandemic caused apartment demand to double at the start of 2022. A record 700,000 apartments were leased last year, more than double the five-year average, while leases in Q1 2022 were double the number reported in Q1 2021, according to John Burns Real Estate Consulting.

Income 97
article thumbnail

As Home Sales Slow, Single-Family Rental Demand Surges

Pro Builder

Buyers priced out of home purchases are turning to the rental market to find more affordable housing options. As a growing number of buyers pull out of home purchases amid fast-rising mortgage rates and record high home prices, demand for single-family rentals is surging, John Burns Real Estate Consulting reports. Build to Rent.

Leases 52
article thumbnail

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. Record-high 18% same-home new lease rent growth. In aggregate the SFR REITs reported in 3Q21: 98% same-home occupancy.

article thumbnail

Monthly Mortgage Payments Outpace Rental Costs Nationwide

Pro Builder

A new report released by John Burns Real Estate Consulting earlier this month revealed that having a mortgage costs, on average, $839 more per month than having a lease, making renting the more affordable option for most Americans. Renting is becoming more affordable than buying a home in most metros across the U.S.,