U.S. single-family rents soar 7.5% in June, accelerating pace

August 17, 2021 | Augusta Saraiva and Alex Tanzi | Bloomberg News

U.S. single-family home rental prices jumped 7.5 per cent in June, showing no sign of abating amid a hot housing market and construction lags.

The year-over-year pace accelerated from 6.6 per cent in May, which was the biggest percentage gain since at least 2005, according to CoreLogic Inc., which tracks changes nationally. The most expensive homes saw the biggest jump in rents, at 9.6 per cent.

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