Rising home prices, mortgage rates, and a lack of inventory are continuing to stimulate the growing build-to-rent (BTR) market nationwide. A new report by Point2Homes.com, a home-search website, indicates there are currently 110,727 new single-family BTR homes under construction that will be ready for occupancy later this year.
With 21,812 homes currently in the pipeline, Texas is leading the country in terms of BTR properties, followed by Arizona at 13,972 and Florida at 13,591 properties.
Doug Ressler, manager of business intelligence at Yardi Matrix, a sister division of Point 2Homes, told The Epoch Times that affordability is one of the key factors why many people now prefer to rent instead of own homes….