Single-family built-for-rent construction fell back in the second quarter, as a higher cost of financing crowded out development activity. Over the last four quarters, 71,000 such homes began construction, which is a 16% decrease compared to the 85,000 estimated SFBFR starts in the four quarters prior to that period. This is great news as these large institutional investors buying up homes the past 10 years or so has taken a significant amount of homes off the market that would have been otherwise available to home buyers.
Full article here: Retreat for Single-Family Built-for-Rent Housing
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