Builders Are Betting on Rentals

March 20, 2015

Lennar and many other builders are raising their bets on rental housing as new-home sales continue to drag, The Oregonian reports.

The Miami-based corporation announced that it has a list of 20,000 apartments to build with a budget exceeding $5.5 billion.

"We've seen and continue to see outsized improvement in the rental market in terms of low vacancies and higher rental rates," Lennar’s CEO Stuart Miller said on Lennar’s earnings conference call.

Read more

Comments

expand_less