flexiblefullpage - default
Currently Reading

As For-Sale Prices Reach New Highs, Demand for Build-To-Rent Communities Is on the Rise

billboard - default
Build to Rent

As For-Sale Prices Reach New Highs, Demand for Build-To-Rent Communities Is on the Rise

Build-to-rent (BTR) communities offer renters the luxury of single-family residency without the added costs of homeownership, making them a desirable alternative for priced-out buyers

December 29, 2022
Row of single-family houses in development
Image: Stock.adobe.com

Would-be buyers looking for single-family homes without the coinciding for-sale price tags are increasingly turning to build-to-rent communities for a mortgage-free taste of homeownership. Over the last several decades, 3% of all single-family starts were rentals, and by the third quarter of 2022, that number reached 12%, Realtor.com reports.

As more Americans seek out affordable paths to homeownership in a high-cost market, build-to-rent development is taking center stage, offering single-family homes with management, maintenance, and amenity packages—no down payments or mortgage rates required.

“When we asked [millennials] why they rent, four of the five top reasons have to do with affordability,” says Ali Wolf, chief economist at Zonda.

In today’s market, demand remains high for build-to-rent due to rising mortgage rates, says Devyn Bachman, senior vice president of research at John Burns Real Estate Consulting.

Read more

Related Stories


Dakota Partners Provides Affordable Housing Through Homeless Prevention Response Fund Grant

The $1.27 million grant will be used to house formerly homeless residents at the Columbus Commons apartments in New Britain, Conn.

Housing Policy + Finance

Rent Control Policies Gain Traction—Economists Say They’re a Bad Idea

Support for rent control policies is building amid an ever-growing affordability crisis, but economists worry that if implemented, they could deter new housing development


Asking Rents Post Smallest Increase in Nearly Two Years

The median asking rent is at its lowest level in a year as persistently high housing costs quell demand, but experts say rents could soon bottom out

boombox1 -
native1 - default
halfpage2 -

More in Category

native2 - default
halfpage1 -

Create an account

By creating an account, you agree to Pro Builder's terms of service and privacy policy.

Daily Feed Newsletter

Get Pro Builder in your inbox

Each day, Pro Builder's editors assemble the latest breaking industry news, hottest trends, and most relevant research, delivered to your inbox.

Save the stories you care about

Lorem ipsum dolor sit amet lorem ipsum dolor sit amet lorem ipsum dolor sit amet.

The bookmark icon allows you to save any story to your account to read it later
Tap it once to save, and tap it again to unsave

It looks like you’re using an ad-blocker!

Pro Builder is an advertisting supported site and we noticed you have ad-blocking enabled in your browser. There are two ways you can keep reading:

Disable your ad-blocker
Disable now
Subscribe to Pro Builder
Already a member? Sign in
Become a Member

Subscribe to Pro Builder for unlimited access

Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.