Build-to-Rent

Housing’s Future Leaders

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Danielle Nguyen

April 23, 2021

In a time of so much uncertainty, we are grateful for our Housing’s Future Leaders. We designed this program as a learning and networking opportunity for the industry’s next generation of leaders, and since its inception, it’s grown to be so much more than that.

In early March 2020, we held our first meetings: 4 groups, each consisting of 16 people from a range of housing industry disciplines and geographies. With the onset of a pandemic, the purpose of these meetings quickly pivoted to helping members understand the deep and swift impact COVID-19 had on each of our businesses and the industry as a whole.

  • We learned from our Builder participants that new home prices were about to skyrocket due to robust demand and construction costs / pressures across the majority of materials (especially lumber). Supply chain issues were causing delays in delivery times. These factors helped form our John Burns Real Estate Consulting new home price forecast of 15% in 2021—the highest among consensus views.
 
  • We learned from our Building Product Manufacturer participants about growth in big project remodel spending, boosted by existing home sales and home price appreciation. Our view is that building products revenue will grow in 2021 with differences by segment. We expect to see growth in both new construction materials and BIG project remodel spending, while SMALL project remodel growth will be tempered by the tremendous DIY remodeling boom in 2020.
 
  • Our Single-Family Rental participants detailed robust demand with high occupancy rates and rising new lease rents. The SFR industry has proven to be quite resilient during COVID-19. Investors and capital are flocking to the SFR market and BTR operators are competing for land. This reiterated our thesis that it is pedal to the metal for the single-family rental industry.
 

Here is some insight from our Housing’s Future Leaders members:

We are kicking off our next Housing’s Future Leaders program in August 2021, exclusive to our clients. Fill out this form if you are interested in joining or learning more about this one-of-a-kind networking opportunity.

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About The Author

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Danielle Nguyen
Vice President of Research
Danielle manages, implements, and analyzes the housing market with a specific focus on for-sale and for-rent research. She is a research content creator who produces high-quality, insightful, and forward-looking housing research and a trusted resource (connector) for clients and those interested in JBREC’s research.

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Research Membership

Our research services enable our clients to gauge housing market conditions and better align their business and strategic investments in the housing industry. We provide a thoughtful and unique holistic approach of both quantitative and qualitative analysis to help clients make informed housing investment decisions.
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Our research subscription provides unparalleled expertise and a unique specialized perspective on new construction and remodeling, backed with exceptional data, for business planning and investor relation support.
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Our building products team is comprised of industry experts with diverse sector and functional experience. We partner across organizations to provide custom consulting reports to aid organic and inorganic investment decisions, strategic planning, and marketing.

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