Invitation Homes: Positive June Update Strengthens Favorable Long-Term Dynamics

Kirpal Kooner/iStock via Getty Images Seeking Alpha Invitation Homes NAHB Invitation Homes I say that because in its newly released June investor presentation, INVH disclosed that through May its Q2 blended lease rate accelerated to 5.3% from 4.4% in Q1, primarily due to new leases rising 3.5% from 0.8% in Q1. Occupancy ticked down slightly to 97.5% from 97.6%. Q2 and early Q3 are the seasonally critical period as families try to settle in before the school year starts in late Q3. As such, this reaccelerati ...