John Burns Real Estate Consulting: Rental Housing Boom Set to Explode.

Approximately 55% of new renters are renting single-family homes, while 45% are renting apartments. The single-family rental business, which is already larger than the institutional quality apartment business, is booming. Unprecedented levels of distressed home sales, at home price/rent ratios that are the lowest in decades, is driving the boom. Eventually, most of these renters will become homeowners. In the meantime, smart investors will take advantage of the temporary disconnect in the market.