News · Markets & Data
Build-to-Rent Starts Fall in Q2 2026, Still Historically Elevated
Short answer: NAHB estimates about 15,000 single-family built-for-rent starts in Q2 2026, down from 18,000 a year earlier; BTR is 6.9% of single-family starts. Sources: [1]
How many build-to-rent homes are being started?
NAHB's analysis of Census data shows approximately 15,000 single-family built-for-rent starts in Q2 2026, down from 18,000 in Q2 2025. Over the trailing four quarters there were 63,000 starts, 16% below the prior year's 75,000.
Is build-to-rent losing share?
BTR accounted for 6.9% of single-family starts, below its 9.0% peak in Q3 2024 but still elevated compared with historical norms, according to NAHB.
Frequently asked questions
How many build-to-rent homes are being started?
NAHB's analysis of Census data shows approximately 15,000 single-family built-for-rent starts in Q2 2026, down from 18,000 in Q2 2025. Over the trailing four quarters there were 63,000 starts, 16% below the prior year's 75,000.
Is build-to-rent's share of single-family construction shrinking?
BTR accounted for 6.9% of single-family starts, below its 9.0% peak in Q3 2024 but still elevated compared with historical norms, according to NAHB.
Where do these figures come from?
Every figure is attributed in the text and linked in the numbered Sources list (1 source, with publication dates where available). Vendor figures are labeled vendor-reported.