Build-to-rent single-family homes have seen a significant growth from 5% to 10% in 2023, according to the National Association of Realtors. This trend reflects a shift in the housing market where real estate developers are capitalizing on the high demand by investing in neighborhoods consisting of full-size homes available for rent.

Key Points:
– RentCafe’s analysis of Yardi Matrix data shows that over 27,000 new build-to-rent homes were constructed in the past year, with the most significant numbers in Phoenix, Dallas, and Atlanta.
– The National Association of Home Builders highlights that build-to-rent homes provide a viable option for individuals who are unable to afford purchasing a home or those who have a more transient lifestyle due to work.
– While homeownership is often considered the primary way of accumulating wealth, renting in build-to-rent communities can offer a practical solution for individuals saving for a down payment or seeking mobility.

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