Single-Family Rent Growth Strengthened for Second Consecutive Month
Oct 29, 2020 12:18:56 AM
U.S. Single-Family Rents Up 2.1% Year Over Year in August
National single-family rent price growth was above 2% for the first time since April 2020
Boston saw the largest decrease in rent prices, falling 1.4% from a year earlier.
U.S. single-family rent growth strengthened in August, increasing 2.1% year over year, a bit higher than the 1.7% rate reported for July 2020, but a slowdown from the 2.9% rate recorded for August 2019, according to the CoreLogic Single-Family Rent Index (SFRI). 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.