Rent Growth Slowing for Single-Family Rental Homes
Portfolio Pulse from Margaret Jackson
Institutional investors are increasingly focusing on the single-family rental homes market, traditionally dominated by individual owners or small businesses. Companies like Invitation Homes (INVH), American Homes 4 Rent (AMH), and Tricon Residential (TCN) own tens of thousands of such homes. However, the demand for single-family rentals appears to be cooling, with rental rate growth falling to its lowest levels since June 2021. Miami-based ARK Homes for Rent reports a high tenant renewal rate of 80% after a two-year term.
September 26, 2023 | 7:29 pm
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NEGATIVE IMPACT
American Homes 4 Rent could be affected by the slowing growth in rental rates for single-family homes.
The article indicates a decrease in demand for single-family rentals, which could lead to a slowdown in rental rate growth. As American Homes 4 Rent owns a large number of such properties, this could affect their revenues.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Invitation Homes could face a slowdown in rental rate growth, potentially impacting revenues.
The article mentions a cooling demand for single-family rentals, which could lead to a slowdown in rental rate growth. As Invitation Homes owns a significant number of such properties, this could impact their revenues.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Tricon Residential could see a potential impact on revenues due to slowing rental rate growth for single-family homes.
The article suggests a cooling demand for single-family rentals, which could lead to a slowdown in rental rate growth. As Tricon Residential owns a significant number of such properties, this could impact their revenues.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80