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

Williams, Cantor, et al. Examine Black-White Death Inequities

Longitudinal Associations From US State/Local Police and Social Service Expenditures to Suicides and Police-Perpetrated Killings Between Black and White Residents Abstract Policy Points Despite documented inequities in suicide trends and police-perpetrated killing for...

Geisha D. Ester Appointed Executive Director of NTI

The National Transit Institute, part of the Bloustein School’s Alan M. Voorhees Transportation Center, has appointed Geisha D. Ester as its new Executive Director.  Ester brings more than 27 years of transit industry experience and 18 years of leadership in workforce...

The Political Machine Won’t Decide NJ’s Next Governor

County bosses were stripped of the power to rig statewide elections. Now there’s no clear favorite in a state where Republicans are rising. The outcome of New Jersey’s June 10 gubernatorial primary is anyone’s guess. With no clear front-runner, the elimination of...

Tariff Uncertainty and its Impact on Economic Forecasting

R/ECON’s next economic forecast is slated for release in mid-summer, followed by another forecast in the fall. As we track the latest state data and national outlook, we (much like everyone else) have been closely following the news on tariffs, the Fed’s potential...

Heldrich Center: Using Data to Help Bolster Workforce Initiatives

The John J. Heldrich Center for Workforce Development provides research expertise and analysis to organizations, including the Fed, to help improve education, training, and workforce development programs that affect employers and employees. By Jennie Blizzard, Fed...