REIT - Residential REITs indicate a positive outlook for FY21 on multifamily properties single-family houses

designer491/iStock via Getty Images At the REITweek Investor Conference, it was indicated that the REIT industry looks poised to be the beneficiary of the continuing economic recovery, with capital markets playing a constructive role in supporting that growth going forward. As per real estate consulting firm, Hunter Housing Economics built-to-rent homes make up just over 6% of new homes built in the U.S. every year and is projected to double by 2024. The firm adds that home builders have already bet billions on the sector, and will put down ~$40B more during the next 18 months. Investors have been buying up single-family houses to rent out for some time, typically in disparate bunches in communities where most people own their homes. Taylor Morrison Home (TMHC) Mr. Wood’s development partner and the nation’s fifth-largest builder, has said built-to-rent could soon become 50% of its total business. Among the many Residential REITs, Equity Residential

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Residential REITs indicate a positive outlook for FY21 on multifamily properties, single-family houses