Built-to-rent expected to hit all-time high

By Symone Strong | Builder

In 2021, 6,740 new built-to-rent homes were completed—the highest yearly total to date, according to Yardi Matrix data. But, several industry sources, including a new RentCafe study, say the trend is just beginning and growing at a rapid pace.

Although single-family rentals are not a new concept, the pandemic created an unprecedented demand among renters for space and privacy. According to the RentCafe survey of 3,300 renters, as many as 78% said they were interested in living in a community of single-family homes.

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