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

Pro Builder

These Southern metros are where BFR homes are being built the most, with Detroit, Mich., Detroit falls just below with a 96% increase in units, followed by Houston (60%) which delivered 1,875 new units in the last five years. Jacksonville, Fla., Phoenix, Ariz., as the exception. These budding cities include Charlotte, N.C.,

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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.