Increasing Demand For Build-To-Rent Homes

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The build-to-rent housing, also known as BTR is one of the fastest-growing markets in the current economy. Due to the affordability, comfort, and reasonable conditions, the demand for BRT is increasing among people with families.

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The real estate market is observing a shift in homeownership. A subtle decrease in owning property indicates the growth in the BRT business. The demographic shift is one of the reasons behind the change. Moreover, investors are looking for opportunities to invest in businesses where they are able to rent houses or apartments to suitable renters. Due to the covid-19 pandemic, many people have lost prosperity in the economy.

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High rates of mortgage and loan rates do not allow people to invest in ownership. In addition, the availability and accessibility of rental houses make it more affordable and easy-going for most people who do not want to take responsibility for a property. As a result, the rate of growth in the build-to-rent market is accelerating.

According to the National Association of Home Builders (NAHB), about 37,000 homes were built as rentals last year, which does not include the homes that investor directly purchases from the builders.

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Families with kids are seen to be renting houses instead of buying properties. Due to the higher property value, most families with kids cannot afford to buy houses near educational

institutions. Single-family renting homes jumped to 10.2% last year. The investors are now prioritizing the family space and new build rental homes are designed to accommodate families.