The Light

The Light: As For-Sale Demand Weakens, Single-Family Rentals Outperform

In the first three weeks of May, 30-year fixed mortgage rates hovered near 5.25% and eased to just above 5% by month end. Paired with record-high home prices in most markets, the highest mortgage rates in over ten years (per …

The Light: New Amenities for a New Customer

What consumers want in a community is shifting, requiring master plan and rental community developers to rethink once-standard amenities and respond to changing needs.

The Light: Demand Shifting from Owning to Renting

High home prices and rapidly rising mortgage rates have created a rosy backdrop for the rental sector, with many prospective home buyers …

The Light: Apartment Demand Doubles in Household Boom

Renters leased 700,000 additional apartments last year, more than doubling the five-year average. They also leased twice as many apartments in Q1 this year than in Q1 of last year, per our tabulation of RealPage data.

The Light: Practical Smart Home Solutions

New homes featuring multigenerational suites (suites with private entries) are selling very well these days.

The Light: Creative Land Development

Our team compiled 22 opportunities for 2022. They cover a wide range of topics, from affordability solutions to migration patterns. Here is what to expect for land development this year. 

The Light: The Rich, Frustrated, and “Locked In” Turn to Remodeling

Building material prices have risen 23% over the last year according to production builders, in part due to a surge in remodeling driven by 3 primary conditions: rich homeowners, a few “trade-up” homes readily available, and rising mortgage rates.

The Light: Suite Solutions for Stronger Sales

New homes featuring multigenerational suites (suites with private entries) are selling very well these days.

The Light: As Remote Work Continues, So Does Migration

As COVID restrictions ease and the great resignation continues (and perhaps even accelerates), more companies are opting to allow permanent work from home in order to keep their talented people. As a result, buyers and renters will continue to move to desirable areas where they can get more house for their money.

The Light: Much Needed Build-for-Rent Supply Is on the Way

With the backdrop of anemically low resale supply (check out our resale agent survey), as well as for-sale new home supply, we are monitoring growth of the build-for-rent (BFR) market to help alleviate the housing shortage.