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Stock impact report

Fewer people can afford to buy houses. Home builders hope they'll choose to rent them instead [Los Angeles Times (CA)]

Invitation Homes Inc. (INVH) 
Last invitation homes inc. earnings: 2/18 04:15 pm Check Earnings Report
US:NYSE Investor Relations: invitationhomes.com/about-us
Although individual homeowners and mom-and-pop investors still account for the vast majority of single-family rental homes, home builders have stepped up construction this year of new houses for rent. In the third quarter, builders broke ground on 16,000 single-family homes slated to become rentals. That's the highest quarterly total of housing starts for built-to-rent homes going back to at least 1990, according to an analysis of U.S. Census data by the National Assn. of Home Builders. Business How the pandemic helped scatter $1-million homes across L.A. COVID-19 unleashed new demand for homes, made the well-off wealthier, and fueled extreme bidding wars. The result? The $1-million home is everywhere. Sept. 21, 2021 Advertisement The trade association's analysis includes only homes that builders are going to hang onto and rent out. That excludes homes being built to be sold to real estate investment trusts or investors planning to rent the properties. Although those Show less Read more
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