A new American Dream? With home prices out of reach, ‘build-to-rent’ communities take off
Story Summary Build-to-rent communities have taken off as more Americans find themselves unable to afford a down payment on a home. An estimated 97,000 residential homes built to rent were completed in 2023, up 45% from the year prior. Build-to-rent remains relatively niche, making up an estimated 7.9% of all single-family housing starts in 2023. …