Median U.S. rent saw its largest annual decline since March 2020 last month, thanks to fresh supply from multifamily developers and homeowners choosing to rent rather than sell their properties
Entry-level housing has never been so expensive, especially in secondary cities where renters could comfortably make a move toward homeownership pre-pandemic
The majority of U.S. homeowners currently have a below-market mortgage rate, and rather than refinancing, many would-be sellers are backing out of the for-sale market
Construction of new build-to-rent homes hit a record in 2022, with Phoenix, Dallas, and Detroit adding the most single-family homes for rent during the last five years
U.S. Housing and Urban Development Secretary Marcia Fudge urged National Association of Home Builders members meeting in the nation's capital to build more affordable housing across the nation
