Reported 9 months ago
The construction of single-family homes built for rent has surged by 20% in early 2024, with 18,000 new units. This trend, known as built-for-rent, is gaining popularity across the US, offering an affordable alternative to homeownership. The shift towards renting single-family homes is attributed to rising mortgage rates and high housing prices, making renting a more viable option for many. With amenities and no maintenance costs, built-for-rent communities are becoming an attractive choice for young families and individuals looking for spacious living options.
Source: YAHOO