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Single-family residential housing stock in the United States is old and aging faster than it is being refreshed. 62% of single-family rental homes in the U.S. were built before 1980 and single-family homes consume 18% of the energy generated in the country. This contributes roughly 10-15% of all U.S. greenhouse gas emissions.
Further, single-family rentals may be at risk of obsolescence. According to the Joint Center for Housing Studies, as of 2022, nearly $30 billion is needed to address physical deficiencies in the existing renter-occupied housing stock. These issues are exacerbated by the exposure of a significant portion of U.S. housing supply to climate related events. The JCHS noted that 45% of single-family rentals were in high-risk areas for environmental hazards.
The Roofstock platform seeks to facilitate a broad shift towards electrification and climate resilience. These efforts serve to extend the useful life of these assets as we work with a range of investors on our mission to acquire, renovate, and decarbonize single-family homes.