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National Single-Family Rent Growth Decelerated in May 2017

Jul 18, 2017 1:05:38 PM

 

Single-family rents, as measured by the CoreLogic Single-Family Repeat Rent Index (SFRI), climbed steadily between 2010 and 2016. However, rent growth has softened during the last 18 months. The index shows that rent growth has been slowly decelerating (Figure 1) since February 2016 when rent growth peaked at a 4.3 percent year-over-year increase. As of May 2017, single-family rents increased 2.9 percent year over year, a 1.4 percentage point deceleration since the February 2016 peak. The index measures rent changes among single-family rental homes, including condominiums, using a repeat-rent analysis to measure the same rental properties over time. Read more

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