February Rent Increases were Largest in Four Years

Posted To: MND NewsWire

Single-family homes now provide half of all rental units in the U.S. CoreLogic’s Single Family Rental Index (SFRI) recorded an annual gain of 3.3 percent in rents for those homes, the largest annual increase in nearly four years . In February 2019 the index was up 3.0 percent year-over-year. The rate of gains peaked in February of 2016 at 4.2 percent. CoreLogic says, as the single-family rental (SFR) market contends with the current economic shifts, we can expect a rise-and-fall in demand in the coming months. While shelter-in-place orders have residents hunkering down for the moment, we may see an increase in demand for single-family rentals as people shy away from multifamily rentals in the wake of the pandemic. As has been the case with home prices, the largest percentage growth in rents…(read more)

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