Tuesday, August 11, 2015

More Renters in Single-Family Homes

"The recent growth of single-family rentals is unprecedented," reports the Joint Center for Housing Studies in its report, The State of the Nation's Housing 2015.

According to data from the American Housing Survey, the number of renters who live in a single-family house grew 30 percent between 2007 and 2013. This is twice as fast as the growth in renter households overall and far surpasses the 8 percent increase in the number of renters who live in multi-family buildings...

Renter-occupied housing units in 2013 (and % change since 2007)
Total renter-occupied housing units: 40,201,000 (15%)
Renter-occupied single-family homes: 14,222,000 (30%)
Renter-occupied units in multi-family buildings: 24,420,000 (8%)
Renter-occupied mobile homes: 1,559,000 (4%)

Source: Joint Center for Housing Studies of Harvard University, The State of the Nation's Housing 2015; and Census Bureau, American Housing Survey

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