Shift in active housing inventory for sale by metro, year-over-year National active listings are +35% YoY Chart via @ResidentialClub pic.twitter.com/fJLPlL9iuC

The U.S. is adding more new apartments in the first half of 2024 than we did in most FULL CALENDAR YEARS over the last 3 decades, and yet demand is (almost) keeping pace. That is crazy-- and don't give a stalled-out for-sale housing market all the credit. Would-be buyers are… pic.twitter.com/J7FkeoAcJc

There was a 2-year growth in built-for-rent homes in the Midwest, where it's now 13% of the market, up from 5% in '21. The Northeast also saw a 2-year rise from 3% to 9%. The increase in the South was smaller, at 9%. The West has the smallest share, at 8%. www.nar.realtor/blogs/economists-outlook/built-for-rent-housing-starts-continue-to-increase

Stay informed and share the May housing market activity with your clients. Visit TRREB.ca to learn more. pic.twitter.com/uA4w8hhz09