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

Pro Builder

Phoenix, Ariz., These Southern metros are where BFR homes are being built the most, with Detroit, Mich., For example, Phoenix leads this list as well with 6,000 of its BFR units being built in the last five years. Dallas comes behind Phoenix again, doubling its BFR homes stock (currently, 7,843 units) from 2017 (3,888 units).

Phoenix 102
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Could the Fall Season Bring a Cooler Housing Market?

Pro Builder

August welcomed slower housing price growth and increase in inventory, prepping the cooler fall season for a cooler housing market. Among the nation’s largest markets, annual appreciation was fastest in August in Austin (44.8%), Phoenix (31.8%), Salt Lake City (27.9%) and San Diego (26.9%). . cbroderick. Thu, 09/16/2021 - 10:56.

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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.

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Affordable Homes are Increasing in Value Fastest Nationwide

Pro Builder

Boise, Phoenix, and Spokane experienced the fastest annual growth for affordable homes. Among a wider pool of the nation’s 100 largest markets, bottom-third home values grew the fastest year-over-year in February in Boise (27.2%), Phoenix (19.4%) & Spokane (18.4%). For example, the bottom third of the market in Cleveland grew by 13.1%