(RECAP: While the numbers remain small, the National Association of Home Builders (NAHB) notes there is a slowly increasing trend of single-family homes being built specifically as rentals. Robert Dietz, chief economist and senior vice president for NAHB says that, while the small numbers mean care must be taken when identifying trends, there were solid gains in the built-for-rent market over the last year. The percentages translate to 34,000 housing starts in this category for the four quarters ending with the first quarter of 2016 compared to 26,000 for the four prior quarters. At the same time, there has also been a trend toward purchasing newly constructed homes on the part of institutional investors. Builders are even starting to offer institutional buyers bulk discounts.)
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