America is becoming a Rentership Society, with declining homeownership and rising demand for rentals

  • The single-family rental asset class is $4+ trillion in value and completely fragmented
  • Rents are rising and rental vacancy rates are falling across the country
  • Still a significant amount of physically distressed assets in the market providing opportunity for those who can manage such assets
  • Despite pockets of recovery, markets in most of the country continue to have surpluses of distressed single-family housing inventory in general
  • The homeownership rate has fallen to 63.4% from a high of 69.2%. The effective rate (not including delinquent borrowers) is closer to 60%

Research Articles

09/22/2015SRC Housing Perspectives – Rentership Revisited (Source: Oliver Chang, Sylvan Road Capital)
04/21/2013SRC Housing Perspectives – Moving Homes or Moving Markets (Source: Oliver Chang, Sylvan Road Capital)
11/29/2012SRC Housing Perspectives – All the Difference in the World (Source: Oliver Chang, Sylvan Road Capital)
04/11/2012Housing Market Insights – Investors Guide for Buy to Rent (Source: Morgan Stanley)
02/16/2012Housing Market Insights – Buy to Rent (Source: Morgan Stanley)
10/27/2011Cross Industry – Housing 2 0 – The New Rental Paradigm (Source: Morgan Stanley)
09/06/2011Housing Market Insights – REBUILD – Part II (Source: Morgan Stanley)
08/08/2011Housing Market Insights – REBUILD – What to Do About US Housing (Source: Morgan Stanley)
07/20/2011Housing Market Insights – A Rentership Society (Source: Morgan Stanley)
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