Who Really Owns The U.S. Housing Market? The Complete Roadmap

September 30, 2024

GAO reported that there were 450,000 single-family rental homes owned by institutional investors as of 2022. However, in a report by the Urban Institute, they estimated that large institutional investors owned 574,000 single-family homes as of June 2022 and their report was also based on 32 institutional investors. But, the Urban Institute actually aggregated data on all legal entities of the parent company because these institutional owners often use other names as the owner. They based their report on large investors owning a minimum of 100 single-family homes and they pulled data from a national property records database. The 574,000 figure is likely more accurate than GAO’s and the difference is most likely due to aggregating all of the legal entities under the parent companies.

One example to show how this could impact an area would be what’s taken place in metro Atlanta. Almost 11% of the single-family rental market (over 19,000 homes) in metro Atlanta are homes that belong to Invitation Homes, Pretium Partners and Amherst Holdings. According to GSU professor Taylor Shelton and Rutgers professor Eric Seymour, all three of these companies used an “extensive network of more than 190 corporate aliases registered to 74 different addresses across ten states and one territory.” They point out that by anonymizing themselves it could protect them from legal liability or tenant accountability. One could also argue that it may sway people’s decision to rent a home from them if they assume they are renting from a small scale company as opposed to a mega investor.

The Washington Standard, September 28, 2024

Recent Posts

NJSPL Report: Emotional Well-Being of NJ Nurses

Report Release: Emotional Well-Being of New Jersey Nurses Post-COVID-19 New Jersey State Policy Lab COVID-19 brought to light the disparities among the nursing workforce that have been simmering in our health care system and highlighted the need for nurses to access...

“Work Trends RU” Podcast with Gov. Murphy

Heldrich Center for Workforce Development has launched its new podcast series, "Work Trends RU," exploring the changing worlds of work, education, social policy, and financial security. The series covers a variety of issues, including the contemporary workforce,...

New Jersey Micromobility Guide – Bike Ped Resource Center

From NJ Bicycle and Pedestrian Resource Center New Jersey Micromobility Guide (2025) The New Jersey Micromobility Guide serves as a resource for micromobility users across the state, collecting and summarizing the laws and safety best practices that can make riders...

Gov. Murphy Proclaims May NJ Walk and Bike Month

From New Jersey Safe Routes to School Celebrate Bike Month and New Jersey Walk and Bike to School Month this May Governor Phil Murphy has proclaimed May as Bike Month and New Jersey Walk and Bike to School Month. Go outside to get some exercise and enjoy the beautiful...

From Public Health Research to Real-World Impact

From Public Health Research to Real-World Impact: A Conversation with Melinda Rushing In our final episode of EJB Talks for this semester, Dean Stuart Shapiro speaks with Professor Melinda Rushing, a new faculty member in the school's health administration program....