For several years, state lawmakers across the country have introduced bills limiting or outright prohibiting investors from participating in the single-family for sale or rental home market. The investor ban toolkit contains resources, information and customizable templates to explain investors’ presence in state and local housing markets to elected officials.
- Investor Ban Toolkit: The resource includes background about the topic, legal and policy arguments, relevant data points and references.
- Customizable opposition template letter: A customizable letter that can be used to oppose local institutional investor bans.
- Myths vs. Facts: A one-page overview that addresses common misconceptions about institutional investors.
Built-For-Rent Housing Facts and Figures
- Approximately 7% of new single-family homes built today are for rent.
- Approximately 14,000 single-family homes were built for the rental market in the first quarter of 2026, which is down from 19,000 in the first quarter of 2025.
- Over the last four quarters, 62,000 such homes began construction, which is a 26% decrease compared to the 84,000 estimated built-for-rent starts for the prior four-quarter period.
- As of the fourth quarter of 2025, the mortgage payment on a median-priced home using current mortgage rates would be approximately $3,200 per month, or more than $1,000 per month higher than the average rent on a build-to-rent property.
- A typical development project with 200 units requires a total capitalization of $60 million to cover construction costs. For a developer looking to construct 5,000 units in five years, that’s around $1 billion.
