Built-for-rent home sector set for explosive growth

Millions of dollars is being poured into built-for-rent single-family home construction, and now developers are struggling to obtain land to build on. A report in Forbes this week revealed that land brokers, who traditionally sell residential parcels to developers and builders planning communities of for sale homes, are now seeing a much bigger share of

Read More »

Some homes might be worth more as rentals, Zillow says

Memphis, Miami and Atlanta lead a host of major metros where rents are higher than typical mortgage payments, while new and improved Zillow Rental tools make it easier than ever to assess the possibility and opportunities of becoming a landlord. The Great Reshuffling and the ability to work from home has severed or seriously stretched

Read More »

Lennar announces $4 billion rental home venture

One of America’s biggest homebuilders is getting into the rental market at a time when it is growing rapidly. Lennar Corp., which has traditionally always built its homes with the intent of selling them, said last week it has created a new business called Upward America Venture, that will acquire hundreds of single-family homes and

Read More »

Home builders are cashing in on rental demand

Building firms are constructing more single-family homes specifically for the rental market, and that means a growing proportion of new homes will never be listed for sale. Experts say the rising number of build-to-rent homes could lead to greater competition for buyers who’re already struggling with low inventories, particularly in the entry-level price bracket. The

Read More »

Growing demand for private, isolated homes

Rental homes in the high-end Hamptons neighborhood is in high demand as the rich and famous look to flee the coronavirus outbreak in New York. Landlords with rentals in the Hamptons say they’re seeing increased demand for homes from a large number of clients, who’re willing to pay whatever it takes. Brick Underground reported that

Read More »

New report paints a bleak picture for U.S. renters

Renters who’ve found themselves priced out of the housing market aren’t finding much relief by renting their home either, according to a new report by Harvard’s Joint Center for Housing Studies. “Despite the strong economy, the number and share of renters burdened by housing costs rose last year after a couple of years of modest

Read More »

Builders are targeting the growing build-to-rent market

The homebuilding sector has underperformed in recent years, but one segment, the “build-to-rent” market in which homes are built explicitly to be rented out, has managed to pull off some stunning growth CNBC reported that 37,000 homes were built as rentals in 2017, rising to 43,000 last year, which accounts for just under 5% of

Read More »

Lack of affordable rental homes causes homelessness to rise

Homelessness in the U.S. increased by 0.3 percent this year, which is the second consecutive year in which this figure has risen, according to the U.S. Department of Housing and Urban Development’s annual report to Congress. The increased number of homeless people comes at a time when unemployment is at a near 50-year low and

Read More »

Experts call on landlords to refrain from increasing rents

The reduced number of rental vacancies available, combined with strong demand for such properties, could tempt landlords to increase their rents even more. However, housing experts are advising landlords against doing so, saying that any further hikes would overburden tenants, many of whom are already struggling to keep up with the costs. The largest landlord

Read More »

Developers are building more rental homes, NAHB says

The National Association of Home Builders says a rising number of single-family homes are being constructed for the rental market, according to its chief economist Robert Dietz.

RealtyBizNews: Real Estate Marketing & Beyond