With homeownership becoming increasingly costly, many millennial homebuyers are opting for upscale single-family rentals that offer appealing suburban locations and good school districts at a more reasonable price. This trend has caught the attention of Wall Street: developers, investors, and private equity firms are investing more in build-to-rent homes, as reported by The Wall Street Journal. Furthermore, analysis from the National Association of Realtors reveals that the share of build-to-rent housing starts nearly doubled from 2021 to 2023. For instance, AvalonBay Communities, a prominent real-estate investment trust, has announced plans to invest more than $1 billion in this growing sector.
2025 BUILD TO RENT BOOM EXPECTED...