Single-Family Rents Climbed at 6.6% Pace in May, CoreLogic Says

Single-family home rental prices in the U.S. jumped 6.6% in May from a year earlier, according to CoreLogic Inc., signaling that the housing boom may add to inflationary pressures in the economy.

The increase was the fastest since at least 2005, CoreLogic said. Single-family homes, which make up about half of the rental market, have seen a surge in demand during the pandemic as Americans sought to move to less densely populated neighborhoods.