Invitation Homes boosts rents 11% as housing crunch persists

Invitation Homes boosts rents 11% as housing crunch persists

By Patrick Clark | Bloomberg
The largest owner of U.S. rental houses isn’t seeing any let-up in demand, or in its ability to increase rents.
Invitation Homes, which owns more than 80,000 single-family rentals, raised prices by nearly 11% in the third quarter, according to a statement. The company boosted rents by 8% on renewals and 18% when leasing homes to new tenants. Rates are rising fastest…

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