Single-family homes now comprise 35% of all rentals and 11% of all households.
What's driving demand?
From 2005 to 2012, single-family rental homes grew 1.7% per year, primarily due to:
Low Confidence: Many households do not yet have the confidence to purchase, knowing that they could lose their job or be required to relocate.
Low Affordability: Many households cannot afford to purchase a home due to bad credit, loan documentation issues, high levels of debt, and home prices now being out of reach.