U.S. Single-Family Rent Growth Stabilized at a Low Level
Oct 20, 2020 11:20:34 PM
U.S. Single-Family Rents Up 1.7% Year Over Year in July
Rent increases slowed across all price levels, though rents for lower-priced homes increased faster than those of higher-priced homes in July compared with a year earlier.
Honolulu saw the largest decrease in rent prices, falling 1.3% from a year earlier.
U.S. single-family rent growth stabilized in July, increasing 1.7% year over year, a bit higher than the 1.4% rate reported for June 2020, and a sharp slowdown from the 2.9% rate recorded for July 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.