1257 ET - The busiest week of the year for rental seekers is here, Zillow says. Data shows that the first week of June brings a spike in activity: listing views, rental applications and outreach to property managers have all peaked at this time over the past two years. U.S. rental households are at a record high. Summer is always a busy time for rentals, but it's also when the most new listings hit the market, Zillow says. A record-high 46 million households rent, and renters are nearly four times more likely to move than homeowners, according to the U.S. Census Bureau. Demand is up, but rental options are available. A construction boom added more new rental units in 2024 than in any year since the 1970s, but the wave of lease concessions used to attract tenants is starting to ebb. (chris.wack@wsj.com)
(END) Dow Jones Newswires
May 28, 2025 12:57 ET (16:57 GMT)
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