Houses Too Expensive to Buy Underpin Lofty Rents

Single-family home rents are rising more than apartments this year

Nov. 20, 2023 9:00 pm ET

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Big public companies that rent out single-family homes are beating the rest of the rental market this year, thanks to tenants who are paying large rent increases on the sorts of homes they increasingly can’t afford to buy.

Landlords Tricon Residential, Invitation Homes and AMH, which together own about 180,000 rental homes, each posted rent increases greater than 6% for the third quarter over the same period a year prior. 

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