U.S. Single-Family Rents Soar 7.5% in June, Accelerating Pace
- Phoenix, Las Vegas saw the biggest gains in CoreLogic report
- Higher-prices homes had the largest increases, up 9.6%
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U.S. single-family home rental prices jumped 7.5% in June, showing no sign of abating amid a hot housing market and construction lags.
The year-over-year pace accelerated from 6.6% in May, which was the biggest percentage gain since at least 2005, according to CoreLogic Inc., which tracks changes nationally. The most expensive homes saw the biggest jump in rents, at 9.6%.