Parcl Labs

Wrapping up our Parcl Labs BTR supply review across key US institutional markets. Last up: Tampa. Tampa BTR Market - New Single Family Construction Converted to Rental: 🔹 January 2020: 1.6% 🔹 January 2024: 8.2% 🔹 Overall increase: 6.6 percentage points 🔹 5.1x increase This 5.1x jump is consistent with the national trend. Tampa's 8.2% conversion rate places it in the middle-lower range of our analyzed markets. BTR Supply Summary: BTR Conversion Rates (Jan 2024) Austin: 15.8% Houston: 11.6% Charlotte: 11.0% Phoenix: 9.7% Dallas: 9.4% Tampa: 8.2% Atlanta: 6.0% US Average: 5.4% This finishes up the Parcl Labs market-by-market BTR supply analysis. Next up: BTR vs. scattered site prices 💸. Get ready. Want the full data set behind this series? Sign up for our free API - link in comments For the full BTR research report, DM or email me. #TampaRealEstate #NewConstructionTampa #BTR

Continuing our Parcl Labs review into BTR supply across key US institutional markets. Next up: Houston. Houston BTR Market - New Single Family Construction Converted to Rental: 🔹 January 2020: 1.5% 🔹 January 2024: 11.6% 🔹 Overall increase: 10.1 percentage points 🔹 7.7x increase This 7.7x jump significantly outpaces the national trend. Looking at our Texas markets: Houston's 11.6% conversion rate sits between Dallas (9.4%) and Austin (15.8%). Want the data behind these charts? Sign up for our free API - link in comments For the full BTR research report this analysis comes from, DM me or email jason@parcllabs.com. #HoustonRealEstate #NewConstructionHouston #BTR

New home construction is a hot topic as presidential candidates roll out housing policies. Good data is important to set the foundation for these debates. In conversations with industry, we've noticed a trend: Build-to-rent (BTR) is increasingly top of mind. We hear it repeatedly from: ✅ Single-family rental players ✅ Builders exploring or active in this channel ✅ Investors and lenders backing them It's commonly reported that BTR represents only a small % of new construction, but wanted to verify ourselves. Traditionally, this data comes from Census surveys. At Parcl Labs, we take a big data, data science-driven approach. So we dug in: What % of new single-family homes are being built and immediately turned into rentals? Using millions of observations based on real-world event activity at the unit level, here's what we found: 🇺🇸 In the US, the number jumped from 1.1% in January 2020 to 5.4% in January 2024 📈 5x increase. At first, we thought this 5x increase was high. Then we looked at percentage jumps in top markets... 👀 Some markets are seeing 15%+ of new homes built turned into rentals and a 10x increase in activity in <5 years. I'll be sharing these markets in the coming days. Stay tuned. P.S. This comes from our latest Parcl Labs research, "Rise of Build-to-Rent." The report is packed with insights on BTR and scattered SFR supply, vacancies, and rental rates. It offers a different perspective for anyone in this space. US-wide supply and vacancy chart attached. For the full research report, DM me or email jason@parcllabs.com #BuildToRent #BTR #SingleFamilyRental #HousingTrends

On Friday we released v0.17.0 of our API at Parcl Labs. Since then, 30 million housing insights have been pulled in a few days (currently ~50 million insights pulled since launch). Why? Unit level search, indexing, and performance enhancements. Included a preview video below asking for all Invitation Homes units on the rental market today. 3,854 units on the rental market with a median asking price of $2,365. Vacancy rate of 5.1%. Previews of the data output for activity and all inventory owned. The SDK is handling ~5k items per second. Note, the SDK prepares the data in an analytics ready format, not raw response output from the API so there is additional overhead that's baked into the 5k items/s. 🧱 by 🧱

Bulls vs. Bears: What is the net impact in investor activity across Wall Street’s favorite housing markets? We focused on the US national picture at Parcl Labs and markets with high concentrations of large Single Family Rental operators and Build-to-Rent activity: Atlanta, Dallas, Phoenix, Houston, Tampa, Charlotte, and Austin. When analyzing investor activity, both acquisitions and dispositions are critical for understanding true investor impact; net effect reveals market dynamics missed by focusing on purchases alone. US-Wide Investor Volume Activity Since 2019: - Peak investor activity: 2020Q4 (548,172 acquisitions nationwide) - Sharp decline: 61% drop in acquisitions from peak to 2024Q2 - Total impact: 8,086,663 properties acquired vs. 7,568,464 disposed (2019-2024Q2) US-Wide Net Impact Shifts: - 2019-2020: Strong net acquisitions (peak 159,832 in 2019Q4) - 2021: Dramatic reversal to net dispositions (low -101,102 in 2021Q2) - Recent: Trend towards market equilibrium (2023Q3-2024Q2) Market-Specific Trends: - Bullish: Atlanta, Charlotte, Houston (consistent net acquisitions) - Bearish: Phoenix (sustained net dispositions since 2021Q1) - Mixed: Austin, Tampa, Dallas (fluctuating between acquisitions and dispositions) Key Takeaways: - Investor activity cooled significantly post-2020 across all markets - Most markets showing signs of stabilization or equilibrium in recent quarters - Phoenix stands out with persistent net dispositions, contrasting the national trend - Atlanta remains a hotspot for investor acquisitions despite overall market cooldown As rising inventory and the prospect of falling interest rates create new acquisition opportunities, investor activity in housing markets demands close attention. #realestate #realestateinvesting #realestateinvestor #dataanalytics #singlefamilyrentals #housingmarket #sfr #housinginventory #datascience

Boise and Austin are on our home builder radar. Big growth in SFH builds since `19. New construction accounts for >20% of new listings. Demand for this product is less than 10% of sales today. However Austin stands on its own w.r.t prices. YoY Rents, Sales, and Listings ↓ We will be releasing an extensive, big data new construction analysis over the course of this week at Parcl Labs. 2 things you can do: 1️⃣ Follow us for updates 2️⃣ Get our free API, link in comments. #realestate #realestateinvesting #realestateinvestor #dataanalytics #singlefamilyrentals #housingmarket #sfr #housinginventory #datascience

Boise and Austin have had substantial SFH new construction growth over the last 5 years. What impact do these new homes have on new supply in these markets today? 1 in 3 SFH's on the market in Boise today are new construction. 1 in 5 SFH's for Austin. We will be releasing an extensive, big data new construction analysis over the course of this week at Parcl Labs. 2 things you can do: 1️⃣ Follow us for updates 2️⃣ Get our free API, link in comments. #realestate #realestateinvesting #realestateinvestor #dataanalytics #singlefamilyrentals #housingmarket #sfr #housinginventory #datascience

If you could build 👼 mode for build to rent analysis, what would it look like? I decided to see how far I could get in less than 60 minutes with Parcl Labs API. For starters, it's quite helpful to have complete information. I started with every BTR SFH unit built since 2020. Here's a neat map showing where those are. Having it at the unit gives unlimited flexibility in articulating a view point. So I looked at prices first. Notably, BTR units trade at a discount relative to scattered site on a national average. What we just saw above is BTR is HIGHLY concentrated. So more expensive markets could be pulling the scattered site ppsqf up relative to the BTR clusters. With unit data, dealers choice. BTR has been a popular topic. How popular? The share of rental units on market has increased from 40 basis points at the start of the pandemic to over 2%, a 5x increase. Today, 1 in 50 homes available to rent are from BTR's nationally. This confirms an insight we saw this weekend, 5x more new sfh units converted to rentals since 2020, 1 in 20 new single family homes are used as rentals today. Once again, BTR's are heavily concentrated. This rate is much higher in these markets. However the point here is build your own 👼 mode and dominate the rental market. #realestate #realestateinvesting #realestateinvestor #dataanalytics #singlefamilyrentals #housingmarket #sfr #housinginventory #datascience

🏘️ Ever wonder what percent of new homes are built to rent (BTR)? We crunched the numbers using the Parcl Labs API. Here's what we found: New single-family homes converting to rentals within 6 months: 2020: 1.1% 2024: 5.4% 🤯 That's a 5X jump in just 5 years. Want to know the BTR trend for your market? You're in luck. We have this data at the unit and market level. National coverage. Don't wait for lagged government survey data. Keep up in real time using our API. Free sign-up link in comments👇

Deep in the 🧪 and decided to take a look at what percent of new construction, single family homes convert to a rental within 6 months of sale. Rate is up 5x since the beginning of the pandemic. Nationwide, 1 in 20 new single family homes are used as rentals today. Work inspired by a convo I had the other day. Wanted to see how quickly I could get to an answer with the Parcl Labs unit API. 15 minutes. 🧱 by 🧱