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A New Estimate for Single-Family Rental Construction

Key Findings

  • Build-to-rent (BTR) and BFR accounted for 4.4% and 3.4% of single-family construction starts in 2019, respectively, according to new Chandan Economics estimates.

  • Based on our findings, single-family construction starts totaled 86,000 (47,000 BTR and 39,000 BFR units) as of the year ending in the third quarter of 2021.


In recent years, the single-family rental (SFR) sector has catapulted into an institutionally viable asset class due to strong investor appetites, a growing need for affordable suburban housing options and improvements in property management software. With the SFR sector evolving so quickly, there are some gaps in data availability compared to other sectors, namely multifamily. This data gap is most apparent when tracking the supply of new single-family rental construction, a market-standard metric.

In this research brief, the Chandan Economics and Arbor Realty Trust teams offer a new framework to estimate the volume of new SFR housing units under development. Our findings below suggest as many as 86,000 SFR housing units have started construction in the year ending in third quarter of 2021.

For the full analysis, visit Arbor Chatter at the Arbor Realty Trust website.


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