Tuesday, August 26, 2014

Is Homes Built for Rent a Market, or a Phase?

Is Homes Built for Rent a Market, or a Phase?
Construction of single-family homes that are built-to-rent is making up a smaller share of new-home construction, according to newly released Commerce Department data. “We’re going back to 2 percent to 3 percent over the long run as first-time buyers come back into the marketplace and the rest of the single-family (for-sale) market expands. "The constant question is if this is a market or a trend,”said John Wojtas, Paxis's president. "I really do think it is a permanent market here to stay." Read more

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