By Steve Ladurantaye | Builder
Everyone wants to figure out where the build-to-rent sector is and, more important, where it’s going in the next year. Over 300 people gathered in Dallas for Zonda’s The Future of Build-to-Rent conference, looking for some insight on what exactly may be going on. Here are some of the most pressing questions from Day One.
Where is the sector at right now?”I view us as a canary in the coal mine. In the first and second quarters of 2022, we ended up in a situation that was a precursor to all this activity. The canary in the coal mine died. It truly did—it just went flatline. The second half of 2022 saw some life come back, but we’re just not getting the formulas to work yet. The cyclical formula is all different—we went straight from building right to adjusting. We didn’t oversupply the market. We went into this with short supply. We don’t know exactly where things are; there’s less financing available to overbuild.” —Greg Vogel, CEO, Land Advisors Organization
