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Tuesday, February 20, 2024

Lawler: Update on Invitation Homes Rental Trends

by Calculated Risk on 2/20/2024 02:49:00 PM

Today, in the Calculated Risk Real Estate Newsletter: Lawler: Update on Invitation Homes Rental Trends

A brief excerpt:

From housing economist Tom Lawler:

Below is a table derived from the Q4/2023 (and earlier) Earnings Release and Supplemental Information from Invitation Homes, one of the largest institutional investors in single-family rental homes. (The January figures are based on figures from officials on the earnings conference call.)

Invitation Home RentNote that while the YOY increase in rent renewals last quarter actually rose slightly from the previous quarter, the YOY increase in new leases was zero, and according to officials on the conference call was negative in January.
There is much more in the article.