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US Single-Family Rents Up 2.9 Percent Year Over Year in July

Oct 16, 2017 10:23:46 AM

Overall Index Pulled Down By High-End Segment

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  • National rent growth decelerated in July 2017 compared with July 2016
  • Low-end rent growth more than doubled high-end rent growth
  • Phoenix had the highest year-over-year rent growth in July

Single-family rents, as measured by the CoreLogic Single-Family Rental Index (SFRI), climbed steadily between 2010 and 2016. However, the index shows year-over-year rent growth has decelerated slowly (Figure 1) since February 2016, when it peaked at 4.4 percent. In July 2017, single-family rents increased 2.9 percent year over year, a 1.5 percentage point decline since the growth rate peaked at 4.4 percent in February 2016. 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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