Rising home prices and interest rates have pushed homeownership out of reach for many working families in metro Orlando, Florida. But a new development trend is giving more renters the option to live in a single-family home.
Developers are buying up tracts and building typical suburban subdivisions but making every property a rental. Built-to-rent communities are popping up around Central Florida, and experts say it’s just getting started.
“It’s a somewhat innovative way to address the single biggest challenge for the housing market, and that’s a lack of supply,” said David Howard, executive director for the National Rental Home Council.
