Single-Family Rental Survey | John Burns Real Estate Consulting

Single-Family Rental Survey


This quarterly index and survey of single-family rental operators is a partnership between John Burns Real Estate Consulting (JBREC) and The National Rental Home Council (NRHC).

JBREC research clients receive monthly SFR market updates, including visibility on new lease rent growth, forecasts, and occupancy trends. In addition, research clients can access our SFR Burns Interactive Dashboards to analyze, compare, and rank the 63 largest SFR markets in the country while drilling deeper into housing information.

 


Become a paid subscriber to access the full report

Fill out the form below to find out how you can become a paid subscriber with full access to the Single-Family Rental Market Survey report.


If you would like to participate in future surveys, please contact Devyn Bachman at dbachman@realestateconsulting.com.

SFRMI Methodology

The Single-Family Rental Market Index (SFRMI) is a diffusion index comparing weighted responses of operators on three key aspects of their business (below/above 50 = contracting/expanding):

  • Current leasing activity
  • Expected leasing activity in the next six months
  • Occupancy of their same-store portfolio1 compared to one year ago

The Single Family Rental Survey asks operators to rate current leasing activity and expected leasing activity in the next six months as either Very Strong, Strong, Normal/Average, Weak, or Very Weak. Operators also rate the occupancy of their same-store portfolio compared to one year ago as Higher, the Same, or Lower.

June 2022 Update: Our revised index methodology benchmarks current leasing activity to seasonal norms instead of YOY and engages time on market instead of an occupancy metric. These adjustments improve the accuracy of the index, and we adjusted SFRMI historical trends to reflect these changes.

1Same-store store portfolio includes only homes that have undergone initial rehab or were stabilized (i.e. initial rehab completed) 90 days prior to the beginning of the corresponding period in the prior year; excludes properties held for sale.


About The National Home Council

The National Rental Home Council (NRHC) is the trade association dedicated to advocating on behalf of the 16 million home single-family rental industry and its residents. The NRHC supports efforts to strengthen neighborhoods by filling an important need in today’s growing rental housing market.

About John Burns Real Estate Consulting

John Burns Real Estate Consulting (JBREC) is an independent research provider and consulting firm focused on the housing industry. John Burns founded the company in 2001 because he saw a need for better analysis on the housing market. The company has grown to a highly passionate team of research analysts and consultants in offices across the country, who work together to provide the most trusted source of US housing analysis. John Burns Real Estate Consulting’s research subscribers receive the most accurate analysis possible to inform their macro investment decisions, and the company’s consulting clients receive specific property and portfolio investment advice designed to maximize profits.


Jody Kahn If you have any questions about the Single-Family Rental Market Index, please contact Jody Kahn, Senior Vice President at jkahn@realestateconsulting.com.
Devyn Bachman If you have any questions about the Single-Family Rental Market Index, please contact Devyn Bachman, Senior Vice President at dbachman@realestateconsulting.com.