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Title: Owned Now Rented Later? The Effect of Housing Stock Transitions on Affordable Housing and Market Dynamics

Citation Type: Miscellaneous

Publication Year: 2020

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Abstract: This paper shows that own-to-rent housing stock transitions provide a long run source of affordable housing while slowing recovery following a shock. Based on multiple linked surveys for the United States, there is a 2 percent net shift of existing SFD housing into rental status with each passing decade. Short term transitions can be larger and exceed 10 percent for recently built homes following the 2007 crash. Short run effects also partly reverse as markets rebound, depressing new construction. At the MSA level, roughly 25 fewer single family permits are filed for every 100 own-to-rent transitions of recently built homes.

Url: https://ssrosent.expressions.syr.edu/wp-content/uploads/Tenure_Transitions-1-8-20.pdf

User Submitted?: No

Authors: Rosenthal, Stuart, S

Publisher: Syracuse University

Data Collections: IPUMS USA

Topics: Housing and Segregation

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