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John Burns Consulting: Steady demand continued for single-family rental industry in H1, as healthy economy is driven by job growth, immigration and rising incomes; for-sale affordability challenges put homeownership out of reach, supporting demand for SFR

John Burns Consulting: Demographic changes impacting housing include policy shifts reducing US immigration, young adults' record employment driving demand for rental housing, and rise of hybrid/remote jobs encouraging migration to suburban/exurban areas

John Burns Consulting: New homes expected to keep decreasing in size, as production residential designers in 2024 are four times more likely to plan for smaller homes than larger ones; homes will have fewer hallways, reducing number of interior walls

Commentary: Median FICO score for homebuyers using conventional mortgages hits record high of 768, reflecting broader trend of their improved financial health; despite affordability challenges, there are more creditworthy buyers than available homes

John Burns Consulting highlights trends in housing industry such as communities offering fitness classes and personal training, builders shrinking square footage to address affordability, and developers including pickleball into their communities

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