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Phoenix is No. 1 for new single-family build-to-rent development

 Phoenix is No. 1 for new single-family build-to-rent development

Phoenix metro holds the top spot in the nation for build-to-rent homes, a trend that has taken hold in the Western U.S. Despite concerns about the economy and a tighter hold on capital, starts are robust and the demographics look rosy for long-term prospects in this realm. One reason is that mortgage rates and a dismal supply of homes for sale are making it tough for buyers. So even though new builds are accelerating and vacancies are rising, the demand is supporting modest growth, and rents in the single-family sector are 35 percent higher than for apartments.

Source: https://azbigmedia.com/real-estate/phoenix-is-no-1-for-new-single-family-build-to-rent-development/

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