Tuesday, September 29, 2020 10:35 pm

Meet the Valley homebuilders betting on the single-family rental market

By Angela Gonzales | Phoenix Business Journal

It’s no secret builders can’t construct homes and apartment units fast enough to keep pace with demand in metro Phoenix.

Now more homebuilders are flocking to a hybrid model — single-family rental products — in an attempt to quench the demand for new residences.

The Valley currently has about 17,000 single-family homes listed for sale, which equates to about a 2.1 month supply of inventory, said Thomas Brophy, national director of multifamily research and analytics for Colliers International.

“Given the acuity of the housing shortage, having more homebuilders come into the market and increase inventory levels is certainly a good thing, especially for homebuyers,” Brophy said.

READ ON:

Share this!

Additional Articles

Rose Law Group pc values “outrageous client service.” We pride ourselves on hyper-responsiveness to our clients’ needs and an extraordinary record of success in achieving our clients’ goals. We know we get results and our list of outstanding clients speaks to the quality of our work.

News Categories
February 2020
M T W T F S S
 12
3456789
10111213141516
17181920212223
242526272829