Don't Believe Institutional Single Family Ownership Hype -

The Mortgage Bankers Association has a round-up of the top single-family rental and apartment owners, and what it shows is that single-family rental ownership is largely not an institutional phenomena.

Citing the American Housing Survey, MBA notes that more than 14 million single-family homes in the U.S. were renter-occupied in 2013. This represents about 12% of the entire U.S. housing stock, or one-in-eight U.S. households, and more than one-third of the rental housing stock.

“Despite the attention to it, institutional ownership (of single-family rentals) appears relatively under-developed, particularly when compared to the multifamily market,” MBA’s report says. “Comparing large single-family rental owners to large multifamily owners, only two single-family rental owners would rank among the top 50 apartment owners in terms of the units owned.”    They note that together the top-five single-family rental owners own approximately 108,000 units, or less than 1% of all single-family rental housing.

“Institutional interest in single-family rentals has helped open the door to new types of mortgage lending for owners of all sizes, including securitizations of mortgages,” the MBA report says.

That last statement is key.  Can us small guys get better" loans" in future?