Here is a chart from a recent Bloomberg article summarizing who owns single-family houses in the US.
As of Q1-2024, about 69% were owner-occupied, about 26.6% were owned by small landlords (1-9 homes), and the rest were owned by what many are now calling "corporate landlords."
The point of this graph was to show that, despite getting a lot of political attention, corporate landlords still own very little. Let's call it sub 4%, excluding iBuying companies like OpenDoor. So how much of a problem is this, really?
Here is a chart from a recent Bloomberg article summarizing who owns single-family houses in the US.
As of Q1-2024, about 69% were owner-occupied, about 26.6% were owned by small landlords (1-9 homes), and the rest were owned by what many are now calling "corporate landlords."
The point of this graph was to show that, despite getting a lot of political attention, corporate landlords still own very little. Let's call it sub 4%, excluding iBuying companies like OpenDoor. So how much of a problem is this, really?
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Smaller landlords control much more of the US market. And at the end of the day, a house owned by a small landlord versus a corporate landlord doesn't change the supply-demand balance of a market. It still represents an available home.
The first and more important problem to solve is overall housing supply. Because that does change the supply-demand balance of a market. And once again, there's no shortage of data to support the finding that increased supply tends to moderate rental growth.
For the record, I also dislike using the term home to refer to single-family houses. Home is not a housing type. It is simply a place where people live permanently. So whenever I see a title like "US homes," I get confused, because I don't actually know what they're referring to.
If you read the article, it would appear they're only talking about single-family houses. But implying that these are the only kind of home feels to me like an anachronism.
Smaller landlords control much more of the US market. And at the end of the day, a house owned by a small landlord versus a corporate landlord doesn't change the supply-demand balance of a market. It still represents an available home.
The first and more important problem to solve is overall housing supply. Because that does change the supply-demand balance of a market. And once again, there's no shortage of data to support the finding that increased supply tends to moderate rental growth.
For the record, I also dislike using the term home to refer to single-family houses. Home is not a housing type. It is simply a place where people live permanently. So whenever I see a title like "US homes," I get confused, because I don't actually know what they're referring to.
If you read the article, it would appear they're only talking about single-family houses. But implying that these are the only kind of home feels to me like an anachronism.
