Single-family built-for-rent construction saw significant growth in the second quarter of 2024 as builders responded to ongoing challenges in the housing market. This market segment is expanding as more people seek rental options with the benefits of single-family living. Builders are increasingly focused on this type of construction, despite a cooling in investor demand due to tight financial conditions. The rise in built-for-rent homes reflects a shift in the housing market, where affordability and down payment requirements are pushing more people towards rental properties. Though the overall market for single-family homes is adjusting to these economic factors, the built-for-rent sector is likely to maintain its elevated market share, offering a solution to those seeking space and comfort in a rental setting.
Built-for-Rent Construction Sees Growth
