Developers built more than 36,000 houses for rent in 2017. That’s 6 percent more than the year before and the largest number of “build-to-rent” houses completed in any year for at least the last 14 years.
Tenants today are still less dependent on automobiles than they have been in years past, especially if they live a market where they can walk to amenities.
Occupancies are unlikely to rise much higher than their current high level. And property prices are already so high they are unlikely to increase much more relative to incomes.