housing

Build to Rent Strategy Gains Popularity Driven by Lack of Inventory, Surge in Rental Demand

Build to Rent Strategy Gains Popularity Driven by Lack of Inventory, Surge in Rental Demand

10 percent of detached single-family households in the country (12.7 million out of 120 million) are renting.

Sourced through Scoop.it from: dsnews.com

Builders in Silicon Valley are recognizing “spec building” is not always automatically a sale.  It can also be a rental.  As the article points out, new sub-division builders are setting aside some of the homes for renters. 

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Experts Believe Single-Family Rental Market is Here to Stay – AAOA

Experts Believe Single-Family Rental Market is Here to Stay – AAOA

the strength of the millennial graphic and their spending power as they get better paying jobs and look to move out of their parents’ houses will be a major factor in the growth of the single-family rental market. Currently about 29 percent of the nation’s rental stock consists of single-family detached homes.

Sourced through Scoop.it from: www.american-apartment-owners-association.org

Rental restrictions coming from most condo/townhome HOAs (Home Owner Associations) are a major driving force for investors looking to buying single family detached homes in Silicon Valley. 

Expect a big fight on rent controls proposed by many municipalities as the investors will have a lot to say about these proposals to limit their property rights.

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