National Housing Market OutlookBuild-to-Rent

Surging Home Buying vs. Quality Home Renting

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John Burns

November 30, 2017

It never ceases to amaze me how great interviewers can extract so much information in only two minutes. Here are the highlights of what I shared on CNBC earlier this week:

  • Surging home sales. “Something happened in the middle of September where the country woke up and started buying homes again.”
  • Single-family renting. “The biggest shift we have seen in the last six years is these new, professionally managed single-family rental companies who have now made it a very reasonable thing to do…Almost 12% of America is renting a single-family home. Instead of renting it from some person who might be on vacation, you actually have a real company now who will take care of you as a landlord.”
  • The Fed. “They used the housing market as a tool to get us through the 2001 recession if you remember. Housing is not being overbuilt right now, and so if the economy slows, I think they are going to turn to housing again and stimulate the economy with housing.”

Our home builder and landlord clients have both been performing well lately. I sense a shift from renting to owning right now, although I don’t believe it will be permanent due to the demographic headwinds cited in our book.

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John Burns
Chief Executive Officer
As CEO, John grows, leads, and supports a team of passionate, articulate, likable, and smart experts. Together, we solve today so our clients can navigate to tomorrow.

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