A record 93,000 single-family rental homes were constructed in 2023, with rental developers capitalizing on low levels of housing affordability. High home prices are forcing would-be homebuyers to continue renting. 99,000 new rental homes are planned for construction in 2024, though these projects are slowing due to tighter lending conditions.
Rental Homes Constructed at Record Pace in 2023
Published on May 17, 2024
Recent News
Chasing Work-Life Balance Can ‘Lead to Anxiety,’ Harvard Professor Says—Try the ‘Pendulum Lifestyle’ Instead
October 4, 2024
U.S. Vehicle Sales Decline Amid High Prices and Borrowing Costs
October 4, 2024
Fed Chair Powell Signals Cautious Approach to Interest Rate Cuts Amid Economic Stability
October 4, 2024
CFPB v. Pennsylvania Higher Education Assistance Agency Update
October 4, 2024