The number of single-family homes built-for-rent increased over the course of 2018, as construction starts of this type of housing totaled 43,000 homes, compared to 37,000 for 2017. There were 10,000 single-family built-for-rent starts for the final quarter of 2018.
Have you thought about investing in build-for-rent? Build-for-rent communities are designed to fit the privacy and affordability needs of younger buyers shopping for a mortgage loan and boomers looking to downsize.
Home sales are decreasing according to Bloomberg. Though wages are rising, making homes reachable, the overall trend does not look good. Builders are definitely feeling pressured, as new home purchases have been dropping since 2016. What do you think this market shift will bring?