Reblogged from: The M Report – Samantha Guzman
Blackstone/Invitation Homes is currently the top single-family rental owner, according to the Mortgage Banker Association’s chart of the week that ranked the top 50 apartment owners and top five single-family rental owners. According to data they used from the American Housing Survey, over 14 million single-family homes in the U.S. were renter occupied in 2013. This represents 12 percent of the entire U.S. housing stock, or in other words, 1 in 8 U.S. households, and more than one-third of the rental housing stock.
“While single family rentals have comprised a relatively constant share of the stock over the last decades, institutional ownership of these homes is a relatively recent phenomenon,” the report said. “Despite the attention to it, institutional ownership appears relatively under-developed, particularly when compared to the multifamily market.
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