America’s biggest home renter is among this year’s best performing US stocks ...Middle East

Quartz - Economy
America’s biggest home renter is among this year’s best performing US stocks
source : Quartz ( Middle East ) () 2
Skyrocketing home rental prices are making America’s largest single-family landlord a top performing stock.Shares of Invitation Homes have soared more than 40% this year, which is double that of the S&P 500 Index of large US stocks. Rents across the country have jumped 11% in 2021 as of June, according to online marketplace Apartment List, pushing the cost of renting a house well ahead of pre-pandemic trends. As the cost of housing goes up, Dallas-based Invitation Homes, which owns more than 80,000 residences around the country, raised rents by 8% nationwide in the second quarter.https://datawrapper.dwcdn.net/gSlXd/2/Read the rest of this story on qz.com. Become a member to get unlimited acc

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